A student makes the following argument: "When a market is in equilibrium, there is no consumer surplusLOADING We know this because in equilibrium, the market price is equal to the price consumers are willing to pay for the good." Briefly explain whether you agree with the student's argument. A. The student is correct because the highest price consumers are willing to pay and the price consumers actually pay are equal. B. The student is incorrect because consumer surplus equals the price consumers are willing to pay for a good, which is a positive amount. C. The student is incorrect because the market price is greater than marginal cost. D. The student is incorrect because the price consumers are willing to pay and the market price are only equal for the last unit consumed. E. The student is correct because the highest price consumers are willing to pay and the lowest price firms are willing to accept are equal.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018