Purposeful behavior suggests that:
A. everyone will make identical choices.
B. resource availability exceeds economic wants.
C. individuals may make different choices because of different desired outcomes.
D. an individual's economic goals cannot involve trade-offs.
Answer: C
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Which of the following statements is correct?
a. The expected future profitability of a corporation influences the demand for that corporation's stock. b. When a corporation sells stock as a means of raising funds it is engaging in debt finance. c. The owners of bonds sold by the Microsoft Corporation are part owners of that corporation. d. All bonds are, by definition, perpetuities.
The change in total output due to the change in one variable input, while holding all other inputs constant, is the
A) marginal revenue product. B) derived demand for labor. C) marginal physical product. D) market demand curve for labor.