Which of the following is not true with respect to underwriting?
A) Announcements of successful underwritings are called tombstones.
B) Often a number of investments banks band together in a syndicate to market a new issue.
C) Underwritings of new issues take place on the floor of the New York Stock Exchange.
D) The investment bank typically guarantees an issuer of securities a price on the new issue.
C
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How does the owner of a corporation relate to the business?
A) The owners of the business have no separate legal distinction from the business. B) The owners of the business have a separate legal distinction from the business. C) The personal assets are part of the corporation's assets. D) None of these describe the legal relationship of corporate owners to the business.
A profit-maximizing firm hires labor until
a. the price of output equals the price of labor. b. the price of output equals the marginal product of labor c. the real wage equals the marginal product of labor. d. the real wage equals the marginal product of labor multiplied by the price of output.