Which of the following is not generally considered to be a major cure for insolvency?
a. Equity infusions.
b. Expansionary monetary policies.
c. Financial restructuring.
d. New management strategies.
e. Asset liquidations.
.B
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If the elasticity of demand for a good at a certain price is greater than one, we describe demand as _____.
(A) Unitary elastic (B) Elastic (C) Inelastic (D) Variable
Assume all of the information from Question #11 above: If Willy actually does install the extra safety equipment, it will cost him $20,000 to do so. Based on this new information about its cost, will Willy be willing to install the new equipment?
A. Yes, because it costs him less than it is worth. B. Yes, because it costs him more than it is worth. C. No, because it costs him more than it is worth. D. No, because it costs him less than it is worth.