One disadvantage of the corporate form of business is
a. the ability to raise money is limited by the ability to issue stock
b. the corporation is a separate legal being
c. double taxation
d. the corporation hires professional managers
e. the corporation must pay dividends to shareholders
C
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If the monopoly's demand curve intersects the AVC curve at minimum AVC, the firm will shut down
Indicate whether the statement is true or false
In its function of controlling the money supply, the Fed does all but which one of the following?
a. buys and sells U.S. government securities b. sets the legal reserve requirement c. sets the discount rate d. engages in open market operations e. prints currency
The efficiency wage model contains the assumption that labor productivity __________ the wage rate, so that a firm maximizing its profits __________ pay workers an above-market wage rate
A) is independent of; may B) is independent of; will never C) depends on; may D) depends on; will never
According to the table below, what is the marginal cost of producing 90 units of output?QFCVC01,0000201,000350501,000700901,0001,0501251,0001,4001451,0001,7501601,0002,100
A. 21.00 B. 5.32 C. 8.75 D. 11.67