In a firm organized along functional lines, employee performance
a. Is easily evaluated because supervisor and employee have similar skills
b. Is more difficult to evaluate because the supervisor and the employee could have different skills
c. Does not need to be evaluated
d. None of the above
a
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An increase in the real interest rate will
A) most likely lower the reward to savings. B) most likely lower the cost of borrowing. C) most likely lower consumers' purchases of durable goods. D) cause consumers to spend more and save less.
Describe the circumstances under which a producer of joint products in fixed proportions might not sell all of one of the available joint products at the profit-maximizing level of operations
What will be an ideal response?
The largest expansions in transfer payments at the U.S. federal level have been in Social Seccurity and Medicare.
a. true b. false
Which one of the following statements is FALSE?
A) TC = TFC + TVC B) ATC = AFC + AVC C) AFC = TFC divided by Q D) MC = TC divided by Q