By definition, a proprietorship is
A) owned by many shareholders.
B) a large manufacturing concern.
C) owned by a single individual.
D) managed by a large group called the "board of directors."
C
Economics
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What point is the profit maximizing level of output?
A. MC=MR B. MR=ATC C. MC=ATC D. D=MC
Economics
A decline in money supply will lead to a(n) ________ if nominal wages are rigid
A) increase in labor demand B) fall in real wages C) fall in labor demand D) increase in real output
Economics
A property tax discourages improvements that would increase the value of the property
a. True b. False
Economics
The questions of what type of public goods to produce, and how much to produce, are resolved:
a. in product markets. b. in resource markets. c. in private clubs. d. through public choices.
Economics