The basic legal forms of business organization in the United States are the
a. corporation, sole proprietorship, and acquisition.
b. sole proprietorship, corporation, cooperative, and partnership.
c. partnership, cooperative, corporation, and subsidiary.
d. sole proprietorship, corporation, partnership, and acquisition.
b. sole proprietorship, corporation, cooperative, and partnership.
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In the table above, how many jackets must Mary forgo for every dress she makes?
A) 2/3 of a jacket B) 12 jackets C) 3/4 of a jacket D) 8 jackets E) 1 1/2 jackets
The figure above shows Diane's demand curve for soda. The price of a soda is $1.00. Diane's consumer surplus from all 15 sodas is
A) $15.00. B) $22.50. C) $11.25. D) $8.00. E) $1.50.
Two goods are complements if a decrease in the price of one causes an increase in the demand for the other good
a. True b. False Indicate whether the statement is true or false
A total product curve shows the
a. aggregate output of many firms in an industry. b. amount of product consumers will take off the market. c. maximum amount of product that it is technically possible to produce. d. relationship between units of inputs and total output.