The efficient scale of the firm is the quantity of output that
a. maximizes marginal product.
b. maximizes profit.
c. minimizes average total cost.
d. minimizes average variable cost.
c
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If a business is run as a sole proprietorship,
a. it is not allowed to borrow money b. the financial liability of the owner is limited to the amount invested in the business c. all of the profits earned in the business flow to the proprietor d. at least two persons are involved in all management decisions e. it cannot hire nonfamily members to work in the business
If a corporation issues bonds that it cannot sell, this is an indication that
A. The coupon rate is too low. B. Dividends are too low. C. The opportunity cost of the bonds is too low. D. Expectations of future sales are low.
Cyclical unemployment
a. has a different explanation than does the natural rate of unemployment. b. refers to the year-to-year fluctuation in unemployment around an economy's natural rate of unemployment. c. is closely associated with short-run ups and downs of economic activity. d. All of the above are correct.
Segmenting characteristics such as age, gender, ethnicity and income are
and income are Sociodemographic Psychographic Cohort Usage