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A company makes two products,A and B.A sells for $100 and B sells for $90.The variable production costs are $30 per unit for A and $25 for B.The company's objective could be written as: Max 190x1 − 55x2.
General Partnership
A business structure in which the business owners share the management and risk of the business.
Limited Liability
A legal structure that protects company owners' personal assets from business debts and liabilities.
Legal and Administrative Costs
Expenses incurred by a business for legal services and administrative operations.
Sole Proprietorships
A business structure where a single individual owns and operates the entity, bearing all responsibilities and privileges.
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