The main advantage of a corporate form of organization is that
A) shareholders have limited liability.
B) shareholders have unlimited liability.
C) shareholders are not subject to double taxation.
D) all corporate profits must be distributed as dividends.
A
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What are the factors that cause a producer's average cost per unit to fall as output rises called?
(A) Licenses (B) Franchises (C) Patents (D) Economies of scale
The cross-price elasticity between Gillette razors and a related good is -3.4. What happens to the demand for the related good if the price of Gillette razors falls by 10 percent?
A) The quantity demanded of the related good falls by 34 percent. B) The quantity demanded of the related good rises by 34 percent. C) The quantity demanded of the related good rises by 3.4 percent. D) The quantity demanded of the related good falls by 3.4 percent.