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Author Question: Which of the following leads to the suppliers paying all of a tax? A) The supply is perfectly ... (Read 52 times)

Marty

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on: Jun 29, 2018
Which of the following leads to the suppliers paying all of a tax?
 
  A) The supply is perfectly elastic.
  B) The supply is perfectly inelastic.
  C) The demand is unit elastic.
  D) The demand is perfectly inelastic.

Question 2

An advantage of a partnership over a corporation is that
 
  A) a partnership's profits are taxed only once, while retained profits of a corporation are taxed twice.
  B) a partnership's owners usually have limited liability, while the entire wealth of owners of a corporation is at risk.
  C) a partnership has a perpetual life, while a corporation dies with its owners.
  D) a partnership's cost of capital is low relative to that of a corporation.


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allisonblackmore

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

B

Answer to Question 2

A


Marty

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cpetit11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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