A corporation is a firm owned by
A) two or more owners who have unlimited liability.
B) a single owner who has unlimited liability.
C) at least 20 stockholders who have partially limited liability.
D) stockholders who have limited liability.
D
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An example of a biomass fuel is
(a) coal. (b) nuclear fuel. (c) manure. (d) oil.
"If it were not for the law of diminishing marginal returns, the world's wheat could be grown in a flower pot." Explain
The marginal revenue curve for a monopolist is
a. always above the demand curve. b. generally below the average cost curve. c. always above the average revenue curve. d. always below the demand curve.
Refer to Figure 3.1, which shows Molly's and Ryan's individual demand curves for compact discs per month. Assuming Molly and Ryan are the only consumers in the market, what is the market quantity demanded at a price of $9?
A. 2 B. 4 C. 6 D. 10