Tefco, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. the microprocessors made using this new process have higher computing power and clock speed than other processors available in the market. although the new process has made tefco the industry leader, there is a threat that competitors will be able to match this feat in the near future. it is evident that tefco has achieved

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost