The marginal social benefit is the:

a. benefit gained by the last user.

b. sum of the marginal benefit gained by each individual user.

c. total benefit gained by the last user.

d. sum of the benefit gained by each individual user.

An interest in and right to real property that limits the legal owner's freehold interest is called a

Determining, minimizing, and preventing accidental loss in a business, for example, by taking safety measures and buying insurance

Savings and loans institutions put 70 percent of their money into which of the following

Mikail's perfectly competitive camera memory card-producing factory is making positive economic profits.

Firms can use strategic alliances to change the industry structure in their favor. For example, firms frequently use strategic alliances when competing in so-called battles for industry standards. This is an example of entering an alliance to

Your bank is offering you an account that will pay 20 % interest in total for a two-year deposit. Determine the equivalent discount rate for the following: a. Six months b. One year c. One month

A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the original listing term. He also has a $300,000 house that has an 80% chance of sale.

Banks are financial intermediaries because they: a) hold all the money in the economic system in currency form. b) print money as needed for borrowers whether business, individual, or government entities.

Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.

What are the remains after the costs of running a business have been paid? A. stock B. taxes C. profits D. sales