Which of the Following Is Not an Assumption of LP

question 68

Multiple Choice

Which of the following is not an assumption of LP?

• A)certainty
• B)proportionality
• C)divisibility
• D)multiplicativity
• E)additivity

Identify the methods of rationing scarce goods and services.

Determine the equilibrium price from a given market scenario.

Explain the concept of demand curve and its relationship with price and quantity.

Comprehend the role of the price system in sending signals to buyers and sellers.

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Definitions:

Certificate

A document serving as proof or evidence of ownership or entitlement, such as a certificate of stock, birth certificate, or certificate of completion.

General Partner

A partner in a partnership who has unlimited personal liability for the debts of the business and takes part in its day-to-day management.

Limited Partnership

A business structure where one or more partners have limited liability and are not involved in the day-to-day management, juxtaposed with at least one general partner who has unlimited liability.

RULPA

The Revised Uniform Limited Partnership Act, which is a statute that governs limited partnerships in the states that have enacted it.