The lateral decision-right assignment is carried out on the basis of
A. the distribution of knowledge and the coordination and control costs.
B. technological advances that allow firms to flatten their management structures.
C. the strength of the team of the local managers.
D. the degree of vertical integration of firms.
Answer: A
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Which of the following is a short-run adjustment?
a. Toyota builds an automobile plant in Kentucky. b. Faced with increasing enrollment, a private college builds a new School of Business building. c. Because of staggering losses, three insurance companies exit the industry. d. People's Bank hires two new tellers to meet increased demand for customer services. e. Shaveco enters the razor blade market with a new product, produced in the United States.
A short-run production function was estimated asQ = ?0.002L3 + 0.16L2What is average product when it is at its maximum level?
A. 8.75 B. 6.92 C. 3.20 D. 6.00 E. 9.40
Capital gains tax cuts inevitably benefit
A. low-income workers. B. retired persons. C. workers in large cities. D. high-income stock owners.
As a result of establishing a legal minimum wage above the market clearing wage
A) there will be a shortage of workers. B) firms will hire fewer workers. C) firms will hire more workers. D) fewer workers will want to work.