Answer:
D. Sole proprietorship.
Explanation:
We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.
Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'
Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.
Answer:
Diminishing marginal product of labor.
Explanation:
Remembering the law of diminishing marginal product which states that by additing unit of labour, while keeping other factors constant would over time lead to lesser output of labour.
Thus one may expect a sports team who continues to add players (additional unit of labour) to its roster above the minimum in the field would eventually not lead to increase efficiency in the field since other factors are kept constant such as increase training for players.
Answer:
B. Capital
Explanation:
It would be capital because households pay for the certain goods or services a business has to offer, therefore giving them money. The word "Capital" means funds/money, and since the households are giving the businesses money, they care supplying capitals.
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