Well-defined property rights give entrepreneurs the incentive to
A. evade taxes.
B. lobby Congress in order to increase environmental regulations.
C. engage in risky business endeavors in order to accumulate future wealth.
D. use the eminent domain laws to seize property for public use.
Answer: C
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Suppose Abe is allocating his entire income and he receives 100 units of utility per dollar from the tenth slice of pizza and 200 units of utility per dollar from his second soda
Is Abe maximizing his utility? Should Abe change his consumption of pizza and soda?
When an investor buys a corporate bond, the ________ is a loan to the corporation
A) principal of the bond B) bond's dividend payments C) interest on the bond D) coupon payment
The price-taker firm should discontinue production immediately if:
a. the market price exceeds the firm's average total costs. b. the market price is less than the firm's average variable costs. c. the market price is less than the firm's average total costs, but greater than its average variable cost. d. its accounting statement indicates that it is suffering losses.
It is sensible for the government to subsidize worker training and education because some of the benefits from training go to
A. other firms.
B. the worker receiving the training.
C. other governments.
D. all of the above.