Which of the following shows alternate paths for decision making?
a. organizational chart
b. gantt chart
c. decision tree
d. simulation
Ans: c. decision tree
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Whenever a firm is making positive economic profit, there is nothing it can do to make more profit.
Answer the following statement true (T) or false (F)
When prices are allowed to fluctuate after a crisis, such as Hurricane Katrina, the high prices
A) provide information to suppliers about where goods and services are most highly desired. B) are evidence of price gouging. C) justify government intervention. D) All of the above.
Explain why positive economies of scale in one (of two) sectors may establish a comparative advantage for the large (as compared to the small) country in the production of the commodity which exhibits positive scale economies
What will be an ideal response?
How do individual become members of the Board of Governors?
What will be an ideal response?