If the value of marginal product of a worker is $40 and the marginal product of the worker is 8 units, the market price of the good he produces is:

Which of the following will result in an increased price of milk?

A) A shift to the right of the supply curve for milk. B) A shift to the right of the demand curve for milk. C) An increase in the number of milk suppliers. D) A decrease in the number of milk buyers.

Which of the following would be a disadvantage of the partnership form of business?

a. limited liability b. too many products c. unlimited liability d. profits flow directly to the one person responsible for creating it e. one person must make all of the important managerial decisions