Suppose a firm has 10 million shares of common stock out­standing and seven candidates are up for election to three seats on the board of directors. if the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure elec­tion to the board?

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither. statement consumer surplus producer surplus neither a local store was having a sale on textbooks, so i bought a used textbook for my brother. i sold a watch for $61, even though i was willing to go as low as $55 in order to sell it. even though i was willing to pay up to $116 for a used laptop, i bought a used laptop for only $110.