Juliana, Gabrielle, and Marcela want to start a business they are the only owners and the company does not issue stock. The type of business they want to start is a
A) sole proprietorship.
B) partnership.
C) corporation.
D) Any of the above could be correct.
Answer: B
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When single-input producer choice sets are non-convex, the first order condition of the profit maximization problem is neither necessary nor sufficient for identifying the profit maximizing production plan.
Answer the following statement true (T) or false (F)
In a monopoly, price is less than marginal revenue
Indicate whether the statement is true or false
When two variables have a positive correlation,
a. they tend to move in opposite directions. b. they tend to move in the same direction. c. one variable will move while the other remains constant. d. the variables' values are never negative.
Mercosur is a trade agreement between nations
A. in Southern Europe. B. in South America. C. in Southeast Asia. D. in South Africa.