Unlike the person or persons who formally form a sole proprietorship or partnership, a corporation has
(a) a perpetual life.
(b) unlimited liability for the debts accumulated by the firm.
(c) the right to vote.
(d) concentrated ownership.
(a)
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Refer to the table below. If the profit for each unit of paper product is $3.00 and the profit for each unit of lumber is $13.50, what is the marginal benefit for each unit of lumber produced?
Big Oaks can produce either paper products or lumber with each tree that they harvest. Because Big Oaks can adjust the amount of paper products and lumber they produce from the harvested trees, paper products and lumber are produced in variable proportions. The above table summarizes Big Oaks production possibilities from each harvested tree.
A) $13.50
B) $16.50
C) $10.50
D) $3.00
To decrease the interest rate the Federal Reserve could
a. buy bonds. The fall in the interest rate would increase investment spending. b. buy bonds. The fall in the interest rate would decrease investment spending. c. sell bonds. The fall in the interest rate would increase investment spending d. sell bonds. The fall in the interest rate would decrease investment spending.
If Apple's iTunes Music Store increases its "fee" for its music downloads, the law of demand predicts that
A) the number of iTunes music downloads would increase. B) there would be no change in the demand for iTunes music downloads. C) the number of iTunes music downloads would decrease. D) iTunes music supply would change but demand would not.
If the marginal propensity to consume is 0.5, the marginal propensity to save is 0.5.
Answer the following statement true (T) or false (F)