Which one of the following statements describes a disadvantage of operating a sole? proprietorship?
A. Sole proprietorships have fewer financial resources and fewer ways to get additional funds from lenders or investors.
B. Sole proprietors are required to get approval from a business? partner, boss, or board of directors to change any aspect of their business strategy or tactics.
C. Sole proprietors have less privacy and generally are required to report everything to others in the business.
D. A sole proprietorship is difficult to establish and requires far more paperwork than do other structures.
E. Income tax is a very complex matter for sole proprietorships compared with other forms.
A. Sole proprietorships have fewer financial resources and fewer ways to get additional funds from lenders or investors.
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Sarah consumes only strawberries and cream, and she is spending all of her income. Her marginal utility of her last dish of strawberries is 200 and her marginal utility of her last pint of cream is 200
The price of strawberries is $1.00 per dish and the price of cream is $2.00 per pint. To maximize her utility, Sarah should A) buy more strawberries and less cream. B) buy more cream and less strawberries. C) not change her purchases of strawberries and cream. D) definitely buy no cream at her consumer equilibrium.
After a price floor of $23 is placed on the market in the graph shown, which area represents total surplus?
A. A
B. B + C + E + F
C. A + B + E
D. A + B + C + E + F
If the price of a product increases, the demand for the resource used in producing that product decreases
a. True b. False Indicate whether the statement is true or false
The human mind's abilities to reason and imagine are facilitated by the information it can collect from trustworthy sources, rather than by facts and experiences it can recall from memory
Indicate whether the statement is true or false