If a small change in price will lead to an infinite change in the quantity demanded, then the demand curve is:
a. Perfectly elastic

The three noteworthy features of corporations' legal status include all of these except:

a. they are taxed b. special limits are placed on the losses that may be incurred by those who invest incorporations c. the corporation is a distinct entity separate from its owners d. they may invest in the stock market and acquire financing

The rule for the optimal use of any input states that

a. when MRP is less than price, profit will increase when more of that resource is utilized. b. when MRP is greater than resource price, profit will increase when more of that resource is utilized. c. when MRP equals price, profit will increase when less of that resource is utilized. d. when MRP is greater than resource price, profit will increase when less of that resource is utilized. e. resources should be used only if MRP exceeds product price.