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Which type of partnership is most like a sole proprietorship? Explain your answer with specific characteristics. Refer to your completed chart....

Question

Which type of partnership is most like a sole proprietorship? Explain your answer with specific characteristics. Refer to your completed chart.

Which type of partnership is most like a sole proprietorship? Explain your answer with specific characteristics. Refer to your completed chart.



Answers

For each of the following pairs of firms, explain which firm would be more likely to engage in advertising.
a. a family-owned farm or a family-owned restaurant
b. a manufacturer of forklifts or a manufacturer of cars
c. a company that invented a very comfortable razor
or a company that invented a less comfortable razor

So for this one, what we know that if we are looking for the profit after the business husband, the company has been in business for a year enough first, what we have to convert this year and a half into months because the units that we have here is months instead of years. What's going to convert that? So one point five years You can go ahead and use dimensional analysis and say that one year is province and we could set it up this way so that the years in the years the unit can't units cancel out, we will get eighteen months. So what we need to be able to do is take this eighteen months and plug that in for the ex after we find the equation of this best fit line. So to find the question of the best foot line where you need to find something in the form of Y is equal to em. Expose B. Let's go and try that. So we need to find both a slope and the intercept. So in order to do that, that's going to find our slope first. So are Slope. I was going to be the change in y over the change in X. So in earnest know the change and why that's going to pick a couple of points. I'm gonna go to pick this point right here, which looks something about the three comma ten. And so I'm also gonna pick this point right here because that looks like something like nine comma forty. So then if we do forty minus ten over nine minus three, we get thirty over six, which is five. So we already found that are Scopus five. So we could say, why is equal to five express fee? We still have to find our be value to be able to complete the equation. So I'm just going to take one of these points. Let's just pick three common ten. So we're going to play in the ten for the Y on the three for the X, and so we know that fifteen plus B is equal to ten. So by subtracting fifteen from both sides, we know that the B is equal to negative five. So are completed. Best fit line equation is just going to be wise with five x minus five. And like we said, we just have to plug this value eighteen. And for the ex we get Y is equal to five times eighteen minus five, which is eighty five. And we know that we're looking up at the company profits in thousands of dollars. So it's eighty five thousand, so d should be our answer.

So this question is just his representation of him. What they give us is they give us this grand. What we see is it's a positive correlation, a positive association here because it's going to be an increasing relationship. Both of these are positive. Thiss one is exponential, which is that answer to our example. They also have linear. I could be an answer choice, and then they also have the exponential on over here and then the lady over here. Now off these right, this is going to be positive for these two, and then on the right side is going to be negative because you have an inverse relationship or negative representation. And so the answer choice in this case is going to be exponential, and it's going to be positive.

Let's talk about the marginal revenue curve and why is it that it's a straight line? Well, there's gonna be a straight line, because in the perfectly competitive market, the price is simply the price, and it's not going to change. So since the Martina revenue is to change in the total revenue over the change in quantity, you realize that the revenue you're getting or that extra revenue from making one more unit is the amount that you sell it for. So in the man you sell it for is just the price. So, Morgan, a revenue is always going to be equal to the price, and this number is not going to change based on your quantity, right? So whether your makings from zero to one unit margin, Remmy is going to be simply the price. If you go from 50 2 51 units again, market or revenue is simply how much to your total revenue increase? When you saw this one unit, where are total revenue simply increased by the price, uh, that we sold that one unit, so that's going to give you this very straight line parallel to the X axis

Let's talk about some definitions. What's a corporate merger with a corporate merger is when you have to formally separate firms come together to become one. This, for example, would be the case. If A T and T and Verizon wanted to become one large firm, they could, and that would be considered a corporate merger. Right? Acquisitions, on the other hand, is when a firm bys another firm. For example, When, um, I think it's Verizon who bought MetroPCS. So now that was an acquisition. Similarly, when Disney board marvel and so this he has a lot off acquisitions, right, the acquisition. They gain the rights to Star Wars. And that was another acquisition. Um, but that's the difference between those 21 is a kind of a lateral agreement between two firm saying, OK, we're gonna come together and the other one is saying, Well, I'm going to buy your company, and I'm going to direct everything that's going to happen


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