When demand for goods and services is high, firms are more likely to hire more workers
a. True
b. False
Indicate whether the statement is true or false
True
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Based on the data in the above table, at what level of output does the marginal cost start to rise at Jefferson's Cleaners?
A) 45 suits per day B) 47 suits per day C) 74 suits per day D) 85 suits per day
Answer the following statements true (T) or false (F)
1) If managers holding an auction release more information about the value of the item, they will reduce their profit. 2) Regardless of whether an auction's purpose is to sell a product or buy one, providing more information about the value of the auctioned item can benefit the auction's managers because bidders will have more confidence in their valuations. 3) Regardless of what policies a manager creates, it is unlikely that the manager can completely solve the principal-agent problem. 4) If restaurant managers have a policy that servers' tips are to be combined and then shared equally at the end of the day, this will incentivize all servers to to take the best care of their customers. 5) In general, if managers are able to make a job more appealing to an employee, this helps managers as it reduces labor turnover.
Firms self-insure to
a. save money on premiums. b. avoid state level insurance regulation. c. create uniform benefit packages for employees who live in different states. d. all of the above.
When a nation totally bans trade with another country, it is imposing a(n):
A. tariff. B. embargo. C. quota. D. trade tax.