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Can someone please help me in finding out the accurate answer from the following question. The sole proprietorship owned and executed by the lone individual is at a drawback whenever compared to the c
When the price of Kellogg's Corn Flakes goes up by $1.89 to $2.05 and quantity demanded changes with 250 to 210, in that case the price elasticity of demand would be of: (w) .47 (x) .02 (y) 250. (z) 2
The Sole proprietorships and partnerships account for the ________ percent of all U.S. firms and a _________ percent of sales by the U.S. firms: (1) Large; small. (2) Large; large. (3) Small; small. (
When P = $10 for Tiny Tee-shirts, and Q = 20, but when P = $5, Q = 25. The price elasticity of demand for Tiny Tee-shirts of: (w) 3.0. (x) 1/3. (y) 1/2. (z) 21. Can anybody suggest me the proper expl
Can someone help me in finding out the right answer from the given options. One of the advantages of a partnership over proprietorship is: (i) In a partnership just one partner is liable for the debt.
The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be
The quantity dinner salads demanded is 100 everyday while Café Les Gourmands charges a price of $1.80, although when price drops by $1, quantity demanded is one hundred fifty. The price elastic
Which of the given below is not a benefit of the sole proprietorship? (i) Limited liability. (ii) Easiness of organization. (iii) Flexibility. (iv) Freedom from govt. regulation. Choose the right ans
Beth and Anna each own a florist shop. After many years of rivalry, they make a decision to team up and make a partnership. The potential advantage of such a union would be that: (1) They can divide u
When the quantity of scuba lessons demanded through tourists in Hawaii increases from 800 to 1,000 weekly while the price falls from $60 to $40 per session, in that case the price elasticity of touris
The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the ac
When the price of plastic moose heads increases from $25 to $35 and monthly sales drop by 2000 units to 1000 units, by using the arc elasticity formula, in that case their price elasticity of demand e
I have a problem in economics on Proprietorships and corporations. Please help me in the following question. Most of the firms in United States are organized as ________, however two-third of all gain
The Characteristics common to most of the successful entrepreneurs do not comprise: (1) Vision and timing. (2) Conviction and action. (iii) Luck and the bureaucratic one-upmanship. (iv) Determination
When the slope of the demand for wheat is ten, we can predict now that a higher price of wheat will be as: (w) increase total expenditures on wheat. (x) reduce total expenditures on wheat. (y) not inf
I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the econom
Bobby Lee’s dairy has gainfully expanded beyond butter, fresh milk and cheese, by providing Organizmic Fertilizer, guided by ATV tours for the visitors, and Granny Lee’s Exfoliating Body Y
A price elasticity of demand coefficient of infinity implies that: (w) the demand curve is horizontal. (x) each 1 percent price hike elicits a 1 percent increase in revenue. (y) total revenue increase
A soft drink bottler which finds it cost efficient and gainful to deliver the chips and other snack foods all along with cola would be experiencing: (i) Economies of scope. (ii) Positive psychic incom
Every point beside a vertical demand curve (when there was such a thing) would include a price elasticity coefficient equivalent to: (1) 1. (2) 1. (3) zero. (4) infinity. (5) 1/2. Hey fri
Let assume that an auto manufacturer which can produce 10 cars at an average cost of $8000 per car. When the manufacturer enlarges output to 100 cars, then the average cost of production falls to $500
Can someone help me in finding out the right answer from the given options. When the average production costs rise as the total production of a firm rises, the firm is experiencing: (1) economies of s
The demand curve which is least consistent along with the existence of a substitution consequence is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. I need a good answer on the topic of
Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out t
The economies of scale exist whenever average production costs: (1) Increase as the level of output increases. (2) Drop as the level of output increases. (3) Stay similar as the level of output increa