Which of the following statements regarding American businesses is TRUE? A.Most
ID: 1109406 • Letter: W
Question
Which of the following statements regarding American businesses is TRUE?
A.Most American businesses are corporations.
Most American businesses are partnerships.
Corporations sell most of the products and services in the United States.
D. Sole proprietorships sell most of the products and services in the United States.
2. The total product curve is:
fixed in the short run.
fixed in the long run.
relates average cost to variable cost.
is negatively sloped in the early stages of production
A.Most American businesses are corporations.
B.Most American businesses are partnerships.
C.Corporations sell most of the products and services in the United States.
D. Sole proprietorships sell most of the products and services in the United States.
2. The total product curve is:
A.fixed in the short run.
B.fixed in the long run.
C.relates average cost to variable cost.
D.is negatively sloped in the early stages of production
Explanation / Answer
1> Corporations sell most of the products and services in the United States.
Reason
Corporations Make Up 5 Percent of Businesses but Earn 62 Percent of Revenues. So, in terms of revenue, it is the corporation which makes the highest amount of revenue.
2> fixed in the short run
Reason
In the short run, the total product curve will remain fixed as the other fixed outputs are not changing.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.