A disadvantage of corporations over a proprietorship or partnership is in the
A) legal liability.
B) ability to raise funds.
C) taxation system.
D) future of the firm when an owner dies.
Answer: C
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An "all you can eat" restaurant illustrates the economic principle:
a. of consumers' inability to maximize their total utility. b. that economic theory clearly breaks down under certain circumstances. c. that marginal utility is always positive. d. that consumers will stop eating when marginal utility is zero. e. that consumers will stop eating when total utility is zero.
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a. True b. False Indicate whether the statement is true or false