In general, the structure of a business firm
A) looks like a market.
B) looks like a flat network.
C) is largely determined by legal considerations.
D) seems more like a central planning agency than a market.
D
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When output is held constant, inflation does which of the following?
(a) Increases real GDP (b) Increases real income (c) Increases government spending (d) Reduces the purchasing power of individuals living on fixed incomes.
Suppose the minimum wage was $0.25 per hour in 1938 and the CPI in that year was 11.5
If the CPI in 1990 was 130.7, what is the real value of the 1938 minimum wage in terms of 1990 dollars? The real value of the 1990 minimum wage in terms of 1990 dollars is $4.25. Has the real value of the minimum wage declined since 1938?
Interest rate
What will be an ideal response?
In terms of business strategy, managers will attempt to adopt business strategies that
A. stabilize opportunity costs. B. minimize transaction costs. C. minimize sunk costs. D. maximize transaction costs.