What might cause diseconomies of scale as a small accounting firm becomes more successful?
a. Staff and equipment requirements rise or fall in step as client needs increase or decrease.
b. The rising number of clients creates efficiencies and lowers the average cost for services.
c. Hiring and training additional employees creates opportunities for staff specialization.
d. An increase in the number of clients it serves overwhelms the firm’s management systems.
d. An increase in the number of clients it serves overwhelms the firm’s management systems.
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There is evidence that the exchange-rate pass-through effect to import prices has been declining in developed economies, especially for the United States
Indicate whether the statement is true or false
The cumulative power of productivity growth: a. emphasizes the importance of short-term growth. b. emphasizes the importance of long-term growth. c. emphasizes the importance of capital–labor ratio. d. increases poverty in an economy
e. leads to capital deepening
The marginal product of land depends on the quantity of land that is available
a. True b. False Indicate whether the statement is true or false
A market situation in which a large number of firms produce similar but not identical products is called
A. oligopolistic behavior. B. pure monopoly. C. monopolistically competitive. D. perfectly competitive.