Refer to Figure 12-1. If the firm is producing 700 units
A) it should cut back its output to maximize profit. B) it is making a loss.
C) it is making a profit. D) it should increase its output to maximize profit.
A
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Assume you and your best friend set up a partnership and your lawyer tells you that as the owners, you could each stand to lose your personal wealth if the business goes bankrupt. This means a partnership
A) faces limited liability. B) has little chance of succeeding. C) faces unlimited liability. D) is not a good type of business to set up.
Which of the following is not a potential source of demand for real loanable funds in the U.S. real loanable funds market?
a. U.S. individuals. b. U.S. businesses c. U.S. governments (state, local, and national). d. Foreign governments, businesses, and individuals. e. All the above are potential sources of demand.