Other things equal, the supply of labor will be lower to a job that
a. offers less strenuous physical activity
b. requires a supervisor to closely monitor employee performance
c. allows for flexible work schedules
d. offers free room and board
e. is exciting due to slightly elevated risk
B
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Conflicts can arise between divisions because
a. some activities across divisions benefit from coordination b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for how well their own division is run d. all of the above
In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting
a. elected government representatives b. special interest groups c. rent seekers d. senior citizens e. the median voter
A profit-maximizing, competitive firm for which the marginal product of labor is diminishing also experiences
a. a perfectly inelastic supply of labor. b. a perfectly elastic supply of labor. c. a downward-sloping demand for labor. d. an upward-sloping demand for labor.
Use the following cumulative investment schedule to answer the next question. Expected Rate of ReturnCumulative Amount of Investment (in billions)22%$11020150161801021052952380According to the cumulative investment table above, if the real interest rate falls from 20% to 16%, then
A. $180 billion of additional investments will be undertaken. B. $440 billion of total investments will be undertaken. C. $330 billion of total investments will be undertaken. D. $30 billion of additional investments will be undertaken.