The primary difference between a proprietorship and partnership form of business organization is
a. the proprietorship is subject to unlimited liability, and a partnership is subject to limited liability
b. the proprietorship is primarily international, and the partnership is primarily multinational
c. the number of persons involved in the ownership and management of the enterprise
d. the proprietorship produces products, and the partnership produces services
e. the proprietorship finances expansion through the issue of stocks, and the partnership relies on bonds
C
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For a monopoly able to perfectly price discriminate, the marginal revenue curve coincides with the demand curve
Indicate whether the statement is true or false
If Slick Shades has a constant marginal cost of production equal to $80 and the distributors have a constant marginal cost of distribution equal to $30, what is the profit-maximizing number of sunglasses (in hundreds) for Slick Shades to produce?
The figure above shows the wholesale demand and marginal revenue curves for Slick Shades Sunglasses, a sunglasses firm with market power. Slick Shades Sunglasses has a constant marginal cost of production and it sells to perfectly competitive independent retail distributors that have a constant marginal cost of distribution.
A) 40
B) 80
C) 55
D) 60
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to rise.
Which statement is true?
A. The poverty line is raised each year. B. The poverty line is lowered each year. C. The poverty line stays the same from one year to the next. D. None of these statements are true.