As the supervisor concerned, how would you mediate the conflict that is developing within your team?
What will be an ideal response?
Answers will vary.
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Suppose Sam's Shoe Co. makes one kind of shoe. An example of a fixed cost for this company would be:
A. the lease for the factory building. B. the leather needed to make the shoes. C. the needles for the sewing machines that need to be replaced after sewing every 1,000 pairs. D. All of these are examples of fixed costs.
During economic expansions, banks tend to lend less money because of higher interest rates
Indicate whether the statement is true or false
Refer to Table 3.2, which shows some costs and benefits of having your car repaired. What is the marginal benefit of the 4th hour spent on repairs?
A. $450
B. $375
C. $295
D. $920
A long-run expansion in capacity
A. Moves the economy to a point closer to its existing production possibilities curve. B. Shifts the production possibilities curve rightward. C. Moves the economy upward to the left along its existing production possibilities curve. D. Shifts the production possibilities curve leftward.