Which of the following is a rare occurrence in case of poor performance by a company?
A. Firing the CEO
B. Firing the lower-level management
C. Firing the middle management
D. Firing a few managers from the senior management
Answer: A
You might also like to view...
In the figure above, the producer surplus is
A) $60,000. B) $100,000. C) $40,000. D) $80,000. E) $50,000.
Because of a decrease in labor costs, a monopoly finds that its marginal cost and average total cost have decreased. The monopoly ________ its price and ________ its quantity
A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases
What three decisions do firms make simultaneously?
What will be an ideal response?
Prohibiting price increases in situations of true scarcity could best be described as
a. interfering with the "law" of supply and demand. b. thwarting the "law" of increasing returns to scale. c. violating the "law" of increasing cost. d. interfering with the "law" of diminishing marginal utility.