Most businesses in the United States are ________, and the type of business organization that accounts for the LEAST amount of total revenues is ________

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

Answer: C

Economics

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If a firm uses introductory pricing, it is likely ________ short run profit and ________ long run profit

A) minimizing; maximizing B) maximizing; maximizing C) maximizing; reducing D) reducing; maximizing

Economics

Using the growth accounting equation, if the growth rate of out is 5%, the growth of labor is 3% and the growth of capital is 2% then if α=0.75 then growth of technology can be estimated to be:

A. 4.25%. B. 4.00%. C. 3.00%. D. 2.75%.

Economics