The owners of a corporation are
A. the shareholders.
B. taxed only once.
C. completely in control of the firm.
D. the employees of the firm.
Answer: A
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The price of one currency in terms of another is called an exchange rate
Indicate whether the statement is true or false
X-inefficiency implies:
a. the practice of using less than the optimal amount of inputs for production. b. the practice of using the lowest quantity of input to produce maximum output. c. always producing less than the optimal amount of output. d. excessive use of inputs relative to best-practice methods.
Refer to the table shown. If the output of bicycles is 4 per week, the average cost of producing each bicycle is:Output(bicycles per week)Total cost (dollars)110022003310444055806730790081,200
A. $140. B. $100. C. $110. D. $120.
For each of the cases below, indicate what the numerical change means and state whether the euro has appreciated or depreciated.a. The spot exchange rate changes from 450 euros per Mexican peso to 440 euros per Mexican peso.b. The spot exchange rate changes from 0.011 Mexican pesos per euro to 0.006 Mexican pesos per euro.c. The spot exchange rate changes from 1.48 euros per British pound to 1.51 euros per British pound.d. The spot exchange rate changes from 0.73 British pounds per euro to 0.75 British pounds per euro.
What will be an ideal response?