Unlimited liability is found in
A) proprietorships and corporations.
B) partnerships and corporations.
C) proprietorships and partnerships.
D) proprietorships, partnerships, and corporations.
C
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Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. What is the marginal benefit to society from the fourth satellite?
A) $36 B) $20 C) $18 D) $4
In the BOP, travel and tourism are included in
A) unilateral transfers. B) the capital account. C) the merchandise account. D) the services account.
According the Lucas' misperception model, when prices unexpectedly rise, suppliers infer that their relative prices have _____, which induces them to _____ output
a. decreased; increase. b. increased; decrese. c. decreased; decrease. d. increased; increase.
A business incurs the following costs per unit: Labor $5/unit; Materials $3/unit and rent $5000/month. If the firm produces 1000 units a month, the total variable costs equals
a. $5,000 b. $8,000 c. $13,000 d. $10,000