How do a partnership and a corporation differ?

A) Partnerships have unlimited liability while corporations have limited liability.
B) Corporations can issue stocks and bonds, while partnerships cannot.
C) Corporations face more taxes than do partnerships.
D) All of these are differences between the two types of businesses.

Answer: D

Economics

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What does average total cost equal?

a. change in total costs divided by quantity produced b. change in total costs divided by change in quantity produced c. (fixed costs plus variable costs) divided by change in quantity produced d. (fixed costs plus variable costs) divided by quantity produced

Economics

If the government overcorrected in a situation of external costs a. More than the efficient amount of the good would end up being produced

b. Less than the efficient amount of the good would end up being produced. c. It would result in a welfare cost in that market that was bigger than the initial welfare cost. d. Both a and c are would result.

Economics