Answer:
a family-owned restaurant
a manufacturer of cars
A company that invented a very comfortable razor
Explanation:
A family owned resturant is an example of a monpolistically competitive firm. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to the restaurant.
A family owned farm is an example of a perfectly competitive firm. A perfectly competitive firm is characterised by many firms selling homogenous products. Thus, it won't be so necessary for a farm to advertise since its product is homogenous.
A car manufacturer exists in a monopolistic market. A monpolistically competitive firm is characterised by many firms selling differentiated products. Advertising is one of the ways to attract customers to purchase cars.
Forklifts aren't so differentiated. Therefore, there would be little need to advertise.
A manufacturer of a very comfortable razor should advertise his product to inform and attract customers. The manufacturer of a uncomfortable razor has no need to advertise.
I hope my answer helps you.
Answer: Limited liability company
Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.
In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.
Hence from the above we can conclude that the correct option for them is limited liability company.
The third party which is authorized to make a final decision in a dispute is called the arbitrator.
Answer:
$29
Explanation:
The computation of the more profit or loss via processing one batch of sugar to the end products is shown below:
= Total sale in the case when it is processed further - processing cost
where,
Total sale in the case when it is processed further is
= $86 + $134
= $220
And, the processing cost is
= $91 + $17 + $38 + $45
= $191
So, the profit is
= $220 - $191
= $29
