Throughout U.S. history, entrepreneurial activity would occur when
(a) centralized economic planning was involved
(b) distributed rights to profits were clear and protected
(c) government intervention was pervasive
(d) all of the above
(b)
You might also like to view...
Elasticity of demand is calculated using percentage changes in both price and quantity.
Answer the following statement true (T) or false (F)
Which of the following is TRUE?
a. Maximizing division profits always leads to maximizing company-wide profits b. Managers of profit centers are not given any discretion in their decision making c. Profit centers often largely run by themselves without a lot of executive oversight d. A manager being rewarded on division revenues has no incentive to make good decisions for his division
Which of the following is not a cost per unit produced?
a) Total cost; b) Marginal cost; c) Average variable cost; d) Both (a) and (b) are not unit costs.
Use the above table. The MFC of the 3rd worker is
A. $30. B. $6.7. C. $5. D. $20.