The size of an organization and the proportion of its workers in managerial roles is directly proportional
Indicate whether the statement is true or false
T
You might also like to view...
By keeping new firms from entering the market, oligopolies are more likely to have
a. long-run economic profit b. low prices c. great efficiency d. decreasing marginal costs e. economies of scale
Which factor receives the profit from production?
a. land b. labor c. capital d. entrepreneurship
Refer to the data provided in Table 9.2 below to answer the question(s) that follow.
Table 9.2
Refer to Table 9.2. If the market price is $28 and the firm produces 5 units of output, then its profit would be
A. -$50. B. -$44. C. $0. D. $18.
Depreciation is the term used when plants, equipment and housing deteriorate and wear out, thus losing their original values
Indicate whether the statement is true or false