Which of the following laws made "closed shops" unlawful?

Which of the following is an advantage of starting a new business as a sole proprietorship?

A) The owner has limited personal liability. B) Business profits are not taxed. C) A sole proprietorship has few government rules and regulations to comply with. D) A sole proprietorship can easily attain additional funding.

Which of the following is true at the output level where average total cost is at its minimum?

A) Marginal cost equals average variable cost. B) Average variable cost equals fixed cost. C) Average total cost equals average fixed cost. D) Marginal cost equals average total cost.