Which statement indicates correctly why firms make several versions of a product? wouldn't it be more efficient to produce a single style? a- different people want different things. b- different resources can be used to make things differently. c- the law requires firms to provide choices to consumers. d- all of the above

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.