A corporation has sold 1,000 shares of stock at a value of $100 each. Bob is a stockholder. If the corporation fails and has $3 million dollars of debt and only $500,000 in assets, what is the most Bob can lose if Bob owns 25 shares of stock?

Opportunity cost is represented on the production possibilities frontier by

A) attainable and unattainable points. B) efficient and inefficient points. C) the amount of good Y forgone when more of good X is produced. D) technological progress.

The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. For a consumer, the price they are willing to pay for each additional pound of coffee is

A) always less than the economy's marginal social cost of producing that additional pound. B) equal to their own marginal benefit from consuming that additional pound. C) equal to their consumer surplus. D) Both answers B and C are correct.