Advantage and disadvantage of Sole proprietorship
Illustrate the advantage and disadvantage of Sole proprietorship?
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Advantages: easy to set up; proprietor is his/her own boss; because profit is proprietor’s income, there is an incentive to operate the business efficiently.
Disadvantages: financial resources are limited and insufficient; the proprietor is responsible for all of management functions; the proprietor is subject to unlimited liability.
Illustrates the inverse relationship between price and quantity?
Briefly describe the meaning of Modigliani- Miller (M and M) approach?
1. The owner of a firm calculates that next year's profit will be $1,000. Each successive year profit will increase by 10% (i.e. year 2: $1100; year 3: $1210 and so on.) At the end of the 5th year the firm could be sold for $20,000. A) if the appropriate di
Give a brief introduction of the term Risk factor?
Question: Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by: Q : Nature and Scope of Economics Nature Nature and Scope of Economics: Introduction Economics is a social science that
Nature and Scope of Economics: Introduction Economics is a social science that
Briefly explain the term leverages?
For rapid growth of world trade what are the factors of account since the Second World War?
Explain the demand for bagels rises dramatically while the demand for breakfast cereal falls?
Question: Max has a utility function U =√ x1x2 where x1 is litres of ice-cream and x2 is boxes of strawberries. The marginal utility of a litre if ice-cream is
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