A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership is called a:
Multiple Choice Quizzes with Answer in English (Page: 396)
A business formed by two or more individuals who each have unlimited liability for all of the firm’s business debts is called a:
A business owned by a solitary individual who has unlimited liability for its debt is called a:
Which one of the following is defined as a firm’s short-term assets and its short-term liabilities?
Which one of the following terms is defined as the mixture of a firm’s debt and equity financing?
Which one of the following terms is defined as the management of a firm’s long-term investments?
The average product of capital of producing 2,991 units of output (find point B) in the above table is
The production function in the above table exhibits decreasing marginal returns to capital over what output range?
The production function in the above table exhibits negative marginal returns to capital over what output range?
The production function for good X in the above table exhibits increasing marginal returns to capital over what output range?
The marginal product of capital of producing 2,991 units of output (find point A) in the above table is
In the short run, the marginal cost curve crosses the average total cost curve at
Changes in the price of an input cause
The point where diminishing marginal returns has begun to affect production, is best characterized by the point where the
The inputs that a manager uses to alter production are referred to as:
Which of the following conditions is true when a producer minimizes the cost of producing a given level of output?
Which of the following “costs” could a firm that wants to remain in business avoid if it halted current production?
If a firm’s production function is Leontief and the price of capital goes down the
For the cost function C(Q) = 50 + 4Q + 2Q2, the total variable cost of producing 7 units of output is
For the cost function C(Q) = 75 + 4Q + 2Q2, the marginal cost of producing 5 units of output is