The owner of each share of a corporation's stock:
a. has the right to cast one vote for electing its board of directors.
b. is entitled to 1 percent of the total profit earned by the firm.
c. has the right to participate in its overall supervision.
d. is liable for 1 percent of the total loss incurred by the company.
A
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A profit-maximizing, monopolistically competitive restaurant serves 60 burgers a day at a total cost of $180 and earns a total profit of $180. In the long run, everything else equal, the
A. restaurant will charge more than $6 per burger. B. restaurant’s average total cost will rise and its total revenue will fall. C. restaurant will sell more burgers at a lower average profit per burger. D. All of the responses are correct.
A person obtains income by selling the services of the resources that he or she owns
a. True b. False Indicate whether the statement is true or false
Included in the official U.S. money supply are
a. U.S. government bonds. b. corporate stocks. c. check able deposits. d. All of these.
Requiring all firms to reduce emissions by the same percentage is
A. impossible. B. inefficient. C. inequitable. D. unenforceable under the law.