If cigarettes are an inferior good, then a rise in consumer income will: A. Shift the demand for cigarettes in and to the left, raising the equilibrium price of cigarettes, but lowering the equilibrium price.
B. Shift the demand for cigarettes in and to the left, lowering the equilibrium price and quantity of cigarettes.
C. Shift the supply of cigarettes in and to the left, raising the equilibrium price and quantity of cigarettes.
D. Shift the supply of cigarettes out and to right, increasing the equilibrium price of cigarettes but decreasing the equilibrium quantity.
E. Shift the supply of cigarettes in and to the left, increasing the equilibrium price of cigarettes, but lowering the equilibrium quantity.

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive