The first step in forming a corporation is to
a. find a large number of partners
b. take out a business loan
c. obtain a charter from the state government
d. hire more staff
e. pay dividends to stockholders
C
You might also like to view...
If there is pollution in producing a product, then the market equilibrium price
A) and equilibrium quantity are too low. B) and equilibrium quantity are too high. C) is too low and equilibrium quantity is too high. D) is too high and equilibrium quantity is too low.
The United States has less income inequality than most other developed countries.
Answer the following statement true (T) or false (F)
A firm produces output according to the production function, q = L4/3K1/2 and faces input prices equal to w = $20 and r = $80. What is the minimum cost of producing 1140 units of output?
A) Cost = $780 B) Cost = $694 C) Cost = $2,071 D) Not enough information is given to answer this problem.
Refer to the information provided in Table 19.4 below to answer the question(s) that follow.Table 19.4Total IncomeTotal Taxes$10,000 $1,000 20,000 2,400 30,000 4,500 40,000 8,000Related to the Economics in Practice on page 393: Refer to Table 19.4. If income increases from $20,000 to $30,000, the marginal tax rate is
A. 3%. B. 15%. C. 21%. D. indeterminate from this information.