The possible returns to a shareholder are:
a. rent and wages.
b. fixed interest and dividend.
c. fixed interest and a depreciation in the price of the stock.
d. rent and fixed interest.
e. dividend and an appreciation in the price of the stock.
e
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If the price is above the equilibrium price, then there is a
A) surplus, and market forces will operate to lower price. B) surplus, and market forces will operate to raise price. C) shortage, and market forces will operate to lower price. D) shortage, and market forces will operate to raise price.
In economics, the term marginal refers to:
A. the change or difference from a current situation. B. man-made resources as opposed to natural resources. C. the satisfaction a consumer receives from a good. D. holding everything else constant in the analysis.