Will and bill both enjoy sunshine, water, and surfboards. thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in california. will and bill will equally share in the decision making and in the business profits or losses. which type of business did they create if they both have full personal liability for the firm's debts?
a. sole proprietorship
b. limited partnership
c. corporation
d. joint stock company
e. general partnership

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$