The owner of a sole proprietorship has
a. unlimited liability: if the firm goes bankrupt, the owner is liable for all debts.
b. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the investment.
c. limited liability: if the firm goes bankrupt, the owner does not have to pay.
d. unlimited liability: if the firm goes bankrupt, the owner is liable for the amount of the fixed assets only.
a. unlimited liability: if the firm goes bankrupt, the owner is liable for all debts.
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The principal determinants of total and average cost curves are the firm's technology and the prices of its inputs
a. True b. False Indicate whether the statement is true or false
If the reserve requirement is 20 percent and a new deposit of $10,000 in cash is made by a customer to their checking account, by how much are excess reserves increased?
A. $10,000 B. $8,000 C. $4,000 D. $2,000