Multiple Choice Question, Pls answer all 3 parts to get upvote.If you are not able to solve it, pls give it to other expert. a) What is an advantage that the owner of a sole proprietorship has over the owners of partnerships?She is likely to have more market powerO She maintains complete control over every aspect of the businessShe has limited liability for the debts of her businessShe does not have to worry about production changes such as input costs and technologyb) What does the long run average cost curve exhibit?It defines the least cost per unit of output when all input are variableThe least-cost combinations of variable inputs given that the size of the factory is fixedIt exhibits the lowest point onmany short run average cost curves to yield a long run average total cost curveAll of the answers are correctc) If a firm's MC is $8 between output of 7 units and 8 units, and TVC is $150 when output is 7 units, what is AVC when output is 8 units?$18.25$19.75$17.5$20.85O O

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a) What is an advantage that the owner of a sole proprietorship has over the owners of partnerships? O She is likely to have more market power O She maintains complete control over every aspect of the business She has limited liability for the debts of her business She does not have to worry about production changes such as input costs and technology O000

a) What is an advantage that the owner of a sole proprietorship has over the owners of partnerships? O She is likely to have more market power O She maintains complete control over every aspect of the business She has limited liability for the debts of her business She does not have to worry about production changes such as input costs and technology O000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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