You Own a Business That Answers Telephone Calls for Physicians

question 134

Multiple Choice

You own a business that answers telephone calls for physicians after their offices close.You have an incentive to substitute capital for labor if the

• A)price of capital increases.
• B)price of labor decreases.
• C)price of labor increases.
• D)marginal product of labor increases.

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thereby having a financial stake in its success.

Involuntary Dissolution

The process by which a court orders the dissolution of a corporation against its will, usually due to fraud or harm.

Annual Franchise Tax

A fee or tax that a business is required to pay annually to remain registered and legally conduct business in a particular jurisdiction.

Legal Status

Refers to the lawful standing of an entity or individual, determining their rights, duties, and liabilities under the law.