Agency problems and costs are incurred whenever the owners of a firm delegate decision-making authority to management

In the figure, the equilibrium price is initially $3 per bushel of wheat. If suppliers come to expect that the price of a bushel of wheat will rise in the future, but buyers do not, the current equilibrium price will

A) rise. B) not change. C) fall. D) Perhaps rise, fall, or stay the same, depending on whether there are more demanders or suppliers in the market.

The marginal benefit Susie gets from purchasing a third pair of gloves is

a. the same as the total benefit she gets from purchasing three pairs of gloves. b. more than the marginal cost of purchasing the third pair of gloves. c. the total benefit she gets from purchasing three pairs of gloves minus the total benefit she gets from purchasing two pairs of gloves. d. the total benefit she gets from purchasing four pairs of gloves minus the total benefit she gets from purchasing three pairs of gloves.