How does a firm's organizational structure affect its market performance?
A firm's internal organization is one of its resources. It is an intangible productive resource. Different organizational structures can advantage or disadvantage a firm competitively. Well-designed authority relationships and communications channels can facilitate decisions that determine its competitive performance.
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Which of the following do you know for certain is true? a. The marginal utility of Diane's second Coke is greater than the marginal utility of her third pretzel
b. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third pretzel. c. The marginal utility of Diane's second Coke is greater than the marginal utility of her third Coke. d. The total utility of two Cokes is greater than the total utility of three Cokes. e. The marginal utility of Diane's second Coke is greater than the marginal utility of Ken's third Coke.
A supply curve describes
a. the relationship between price and quantity demanded b. the relationship between price and quantity supplied c. the relationship between a group of buyers and sellers d. none of the above
Tariff rates on goods imported into the United States
a. were prohibited by the Constitution b. have dropped substantially over the past 50 years c. reached an all time high in 1996 d. have steadily increased since 1920 e. have never played a big part in U.S. trade policy
Which of the following best exemplifies a failure of market outcome?
A. Adults with emphysema find it difficult to quit smoking even though they know that smoking worsens their health and they want a long life. B. Some people can enjoy the use of a public park without paying for it. C. Secondhand smoke can put the health of children at risk. D. Consumers often don't know as much about the car they are buying than the person selling the car does.