The first independent federal railroad regulatory agency was:
a. Interstate Commerce Commission.
b. Federal Trade Commission.
c. Federal Bureau of Alcohol, Tobacco, and Fire Arms.
d. United States Fair Trade Commission.
a. Interstate Commerce Commission.
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Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $30
If she is following the marginal principle, how many hours should Krystal stay open? A) 4 hours B) 5 hours C) 6 hours D) 7 hours
Before its IPO, Facebook was an example of a private firm. As a private firm, Facebook was
A) not subject to government regulations and taxation. B) run by stockholders and a board of directors. C) run by its founder, Mark Zuckerberg. D) not legally allowed to raise funds through venture capital firms.