Which of the following is FALSE about firms organized along functional lines?
a. Workers find it difficult to develop functional expertise
b. Workers can easily share information within their division
c. They foster the exploitation of economies of scale
d. None of the above
a
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If you pay $14,000 in taxes on an income of $125,000, and $17,400 in taxes on an income of $144,000, what is your marginal tax rate? Show your work
What will be an ideal response?
U.S. Treasury deposits at the Fed are ________ for the Fed but ________ for the Treasury. Thus an increase in U.S. Treasury deposits ________ the monetary base
A) a liability; an asset; increases B) a liability; an asset; decreases C) an asset; a liability; increases D) an asset; a liability; decreases
Government regulators can achieve efficiency for a natural monopoly by setting a price ceiling equal to the intersection of the demand curve and the:
A. marginal revenue curve. B. average cost curve. C. marginal cost curve. D. average fixed cost curve.
How do new classical economists view the importance of policy rules and discretion in macroeconomic policy?
What will be an ideal response?