Which types of firms have limited liability?

Which types of firms have limited liability?

A) corporations
B) corporations and partnerships
C) partnerships
D) proprietorships

Ques. 2

Economic growth

A) creates unemployment.
B) has no opportunity cost.
C) shifts the PPF outward.
D) makes it more difficult for a nation to produce on its PPF.

Ques. 3

The income elasticity of demand is defined as the percentage change in

A) the quantity demanded resulting from a given percentage change in price.
B) income divided by the percentage change in quantity demanded.
C) the movement along the demand curve resulting from a change in income.
D) the quantity demanded divided by the percentage change in income.

Ques. 4

Based on the table above which shows Chip's costs, if Chip shuts down in the short run, his total cost will be

A) 0.
B) 1,000.
C) 1,200.
D) 4,000.

Ques. 5

An externality can be a cost or benefit arising from the production of a good that falls upon

A) consumers but not producers.
B) producers but not consumers.
C) both the consumer and the producer.
D) someone other than the consumer or producer.

Ques. 6

Joe manages a company that produces lawn mowers. Joe knows that the value of marginal product

A) decreases as he hires more labor to produce lawn mowers.
B) does not change as he sells more lawn mowers.
C) increases as he hires more labor to produce lawn mowers.
D) increases as he sells more lawn mowers.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Which types of firms have limited liability?

Related Topics