Question 35 if we know that capital is fixed and a business firm can produce 20 units of ourput per day with 2 wo '/ the marginal product is above the average product O'E the firm has passed the point of diminishing marginal productivity. C.the average product of three workers is 12. OD the marginal product of the third workenis equal to 16: Question 37 Dividends equal a firm s profit less the amount they pay in taxes. O True False Question 38 Corporations cannot be sued directly only their owners or managers can be sued for the decisions they make individually. O True False Question 41 The price that one is willing to pay for a unit of a good depends on its O A. marginal utility B. cost of production O C. total utility O D. supply Question 42 Marginal utility is: A. the extra cost associated with hiring one more unit of labor. O B. the extra cost associated with producing one more unit of output. O C. the extra utility associated with consuming one more unit of output. O D. the extra output associated with hiring one more unit of labor. Question 43 What is the main advantage of a sole proprietorship? A. double taxation O B, less conflict C. larger firm size OD. limited liability