One advantage of a proprietorship is that
A. there are limits to the possible liabilities of the owner.
B. a proprietorship is relatively easy to form and to dissolve.
C. it is relatively easy to raise financial capital for a proprietorship.
D. depreciation rates on capital are higher.
Answer: B
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If Tattling Tina does not tattle, what would Bratty Brenda's best response be
a. Hit b. Not hit c. Run d. Hide
A U-shaped long-run average cost curve indicates that
A) economies of scale follow diseconomies of scale. B) diseconomies of scale follow economies of scale C) economies of scale and economies of scope are the same. D) economies of scale dominate diseconomies of scale over all levels of production.
In the macroeconomic short run
What will be an ideal response?
The price of coffee rose 50 percent and coffee sales fell 25 percent. Doughnut sales also fell 25 percent. From this information, we can conclude that
A. demand for coffee is inelastic. B. coffee and doughnuts are complements. C. the cross elasticity of demand is minus 0.5 percent. D. All of the responses are correct.