In a Functioning Market,people Will Buy a Good Up to the Point

question 76

Multiple Choice

In a functioning market,people will buy a good up to the point where:

• A)the marginal benefit of the last unit is equal to the marginal cost of that unit.
• B)the marginal benefit of each unit is equal to the marginal cost of each unit.
• C)the total benefit of the good is equal to the total cost of the good.
• D)they can no longer afford it.

Understand the concept of charismatic leadership and how it impacts organizational goals.

Identify the characteristics and behaviors of transformational leaders.

Differentiate between personalized and socialized charismatic leaders.

Comprehend the importance of having an effective vision in leadership and how it connects with constituents.

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Definitions:

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account to continue holding an investment, after initiating a position.

Margin Call

A demand by a broker that an investor deposit further cash or securities to cover possible losses in a margin account.

Initial Margin

The minimum amount of funds or securities that must be deposited in a margin account before trading on margin, serving as a security for credit risk.

Securities and Exchange Commission

This is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of securities markets and facilitating capital formation.