Which of the following is an advantage of starting a new business as a partnership?
A) The owners have limited personal liability.
B) Compared to a corporation, a partnership has fewer government rules and regulations to comply with.
C) Business profits are not taxed.
D) A partnership can easily attain additional funding.
Answer: B
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Jamie is preparing to take his SAT tests. The table above shows how Jamie's score depends on the number of hours a week Jamie studies
a. Plot the relationship in the figure, putting the hours studied on the horizontal axis. b. Is the relationship you plotted positive or negative? c. What happens to the slope of the relationship as hours studied increase? d. Suppose Jamie can enroll in an SAT prep course and, by so doing, for every possible number of hours he studies, his score will be 100 points higher. Plot the new relationship between the number of hours studied and Jamie's SAT score in the figure. e. How many variables are involved in the figure you just completed?
The above figure shows the marginal private benefit and marginal social cost of a college education. If students receive a $10,000 voucher
A) no students will go to college. B) less than 10 million students will go to college. C) 10 million students will go to college. D) more than 10 million students will go to college.
If a firm's average variable cost curve is rising, its marginal cost must exceed its average variable cost
a. True b. False Indicate whether the statement is true or false
When actions are finely divisible, the marginal benefit of action X is equal to:
A. the slope of a line that is tangent to the total benefit curve at X. B. the slope of a line from the origin to a point on the total benefit curve at X. C. the marginal cost of X. D. the inverse of the slope of the total benefit curve at point X.