Isoquants are normally drawn with a convex shape because:
A. inputs are not perfectly substitutable.
B. inputs are perfectly complementary.
C. inputs are not perfectly complementary.
D. inputs are perfectly substitutable.
Answer: A
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A) $10. B) $40. C) $5. D) $20. E) $50.
In a competition of financial analysts vs. throwing a dart to choose stocks, according Burton Malkiel, financial analysts came out ahead due to all of the following reasons EXCEPT:
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Examples of incentive pay include
a. commission sales b. providing onsite parking for employees c. cleaning the worksite with weekly janitorial service d. offering a certain number of sick days
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