Refer to Figure 4.1. Suppose Alvin chooses Top, while Simon chooses Down, and Theodore chooses Left. Theodore's payoff will be

An increase in the cost of lumbering activities will:

a. increase the quantity of wood supplied to the furniture market. b. decrease the quantity of wood supplied to the furniture market. c. decrease the supply of wood to the furniture market. d. increase the supply of wood to the furniture market.

Which of the following people has voting privileges in a corporation?

a. convertible stockholder b. preferred stockholder c. common stockholder d. corporate bondholder e. corporate manager