Allison is debating about hiring jim for a new position at her firm producing computer software. she estimates that jim will add an additional $500 of revenue a day to her firm. instructions: enter your answers as a whole number. a. what is the maximum wage at which allison would be willing to hire jim?

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. 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 corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Describe what fixed costs and marginal costs mean to a company.