Which of the following is the second step when forming a group?
a. storming
b. norming
c. forming
d. conforming
Ans: a. storming
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Moving from left to right, a U-shaped curve starts with a
A) negative slope, reaches a minimum, then ends with a positive slope. B) negative slope, reaches a minimum, then ends with a negative slope. C) positive slope, reaches a maximum, then ends with a negative slope. D) negative slope, reaches a maximum, then ends with a positive slope. E) positive slope, reaches a minimum, then ends with a negative slope.
The opportunity costs of the firm using its own funds are measured by the:
A) market interest rate. B) inflation rate. C) price level. D) menu costs.
Average total cost reveals how much total cost will change as the firm alters its level of production
a. True b. False Indicate whether the statement is true or false
The nominal exchange rate is 90 Pakistani rupees per dollar. The price of a shirt in Pakistan is 1800 rupees. The same shirt sells for $25 in the U.S. A. What is the real exchange rate? Show your work. B. Can arbitragers make a profit? C. If your answer to C is yes, where would they buy and where would they sell?