The revenues from by-products may be used to offset the costs of the joint production process or they may be reported as other revenue on the income statement (with no related cost of goods sold).

If managers do not choose to maximize profit, but pursue some other goal such as revenue maximization or growth,

A) they are more likely to become takeover targets of profit-maximizing firms.
B) they are less likely to be replaced by stockholders.
C) they are less likely to be replaced by the board of directors.
D) they are more likely to have higher profit than if they had pursued that policy explicitly.
E) their companies are more likely to survive in the long run.

The study of how benefits are determined for city employees would be considered

A) microeconomics.
B) macroeconomics.
C) descriptive economics.
D) institutional economics.

B-Corp certification recognizes organizations that achieve five or more years of consistent profitable growth.

The inverse demand function for video games is p  240  2q and the inverse supply function is p  3  q.When the government imposes a $6 tax on each video game purchased,

A) consumer's surplus falls by more than producer's surplus.
B) producer's surplus falls by more than consumer's surplus.
C) consumer's surplus and producer's surplus fall by the same amount.
D) consumer's surplus falls and producer's surplus increases.
E) producer's surplus falls and consumer's surplus increases.