Am M-form of an organization is one in which
a. Each division performs a single task
b. Each division performs all the tasks necessary to serve a particular type of customer
c. Each division performs all the tasks necessary to serve all the customers of a particular geographical area
d. Both B&C
d
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Production should be expanded if marginal cost is greater than marginal revenue
Indicate whether the statement is true or false
Which of the following is the primary source of high earnings in a market economy?
What will be an ideal response?
In a simultaneous equations model, if any variable is determined outside of the model, then it is considered a(n):?
A. ?endogenous variable. B. ?random variable. C. ?exogenous variable. D. ?error variable.
Exhibit 14-8 Aggregate demand and supply
?
In Exhibit 14-8, if aggregate demand shifts from AD1 to AD2,
A. real GDP will increase from $3.0 to $7.0, and the price level will remain the same. B. real GDP will increase from $3.0 to $4.0, and the price level will remain the same. C. real GDP and the price level will both remain the same. D. real GDP will increase from $3.0 to $4.0, and the price level will increase from 100 to 140.