Answer:
has its profits taxed as personal income.
Explanation:
Some of the advantages of sole proprietorships are that they do not require expensive legal costs in order to establish them, but their two main disadvantages are that it is more difficult to raise additional funds and the owner (sole proprietor) has unlimited liability against any obligation resulting from the business. They also have a limited life, since they cease to exist if the owner dies.
Answer:
a. the buyer’s consumer surplus for that good is maximized.
Explanation:
The consumer will purchase up to the moment at whose preference price matches the market price.
Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.
Answer:
They both are equal
Explanation:
Total production of a country is known as a gross domestic product which is the market value of all the good produced in a country in a specific period of time. These goods and services help a country to generate income. If 100 is the total production of a country it means the total income of a country will be generated based on these 100 units.
Answer:D:(A cooperative lending institution for a particular group.)
Explanation:
