As a result of moving more decision making from the center toward the periphery of the organization, typically
a. the flow of relevant information to the decision maker should be enhanced
b. the flow of relevant information from the decision maker should be enhanced
c. the incentives to make good decisions should be strengthened
d. the incentives to make good decisions should be weakened
c
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Using the data in the above table, the average fixed cost of producing 9 units per day is
A) $2.22. B) $5.00. C) $5.55. D) $20.00.
A demand shock
a. is any event that causes the aggregate demand curve to shift b. is usually caused by a change in the price level c. is usually caused by a change in real GDP d. can be traced back to a shift in the economy's production possibilities frontier e. is generally a good thing for the economy
An effluent fee
a. is a dollar value added to the price of a pollution-generating product b. is a command-and-control instrument c. can be based upon the degree of harm linked to the contaminant being released d. cannot be linked to the quantity of pollution released
Suppose a state has the following individual income tax structure.The first $20,000 that an individual earns is taxed at 5%. The next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%.Based on this tax structure, if a person's income is equal to $60,000 . his average tax rate is equal to:
a. 15% b. 10% c. 11.67% d. 20%