Of the owners of the following firms, which does NOT have unlimited liability for the business' debts?
A. the partnership of Reese and Jones, Attorneys-at-Law
B. the Microsoft Corporation
C. Wren's Feed and Seed Store, a proprietorship
D. Roy Ray's Grocery Store, Roy Ray, proprietor
Answer: B
You might also like to view...
Long run marginal cost curves are increasing for decreasing returns to scale production technologies.
Answer the following statement true (T) or false (F)
In the figure below, spending $1 million on advertising increases the demand from D0 to D1. The gross average cost curve, LACGROSS, excludes the cost of the advertising. Before the firm advertised, the profit-maximizing price and quantity were ________ and after the firm advertised the profit-maximizing price and quantity are ________
A) $30 per unit and 1 million units; $50 per unit and 3 million units
B) $20 per unit and 2 million units; $60 per unit and 2 million units
C) $20 per unit and 1 million units; $20 per unit and 3 million units
D) $30 per unit and 1 million units; It is impossible to tell because the cost of the advertising is not included in the gross average cost.
If marginal revenue exceeds marginal cost in the short run, total revenue for the perfectly competitive firm is greater than total cost
a. True b. False Indicate whether the statement is true or false
Government controls over market prices are often enacted to benefit a specific group.
Answer the following statement true (T) or false (F)