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Author Question: From the highest percentage to the lowest percentage, the number of firms by business type in the ... (Read 105 times)

tatyanajohnson

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on: Jun 29, 2018
From the highest percentage to the lowest percentage, the number of firms by business type in the United States is represented by which of the following?
 
  A) corporations, sole proprietorships, partnerships B) corporations, partnerships, sole proprietorships
  C) sole proprietorships, partnerships, corporations D) sole proprietorships, corporations, partnerships

Question 2

Refer to Figure 4-6. At the equilibrium price of P1, consumers are willing to buy Q1 pounds of granola. Is this an economically efficient quantity?
 
  A) No, the marginal cost of the last unit (Q1 ) exceeds the marginal benefit of the last unit.
  B) No, the marginal benefit of the last unit (Q1 ) exceeds the marginal cost of that last unit.
  C) Yes, because P1 is the price where marginal benefit equals marginal cost.
  D) Yes, because marginal cost is zero at the price of P1.


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yasmina

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


tatyanajohnson

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
:D TYSM

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