Which of the following is/are part of Fayol's 14 principles of management?
Answer: all of these are part of Fayol's 14 principles of management
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Suppose that a government agency is trying to decide between two pollution reduction policy options. Under the permit option, 100 pollution permits would be sold, each allowing emission of one unit of pollution. Firms would be forced to shut down if they produced any units of pollution for which they did not hold a permit. Under the pollution tax option, firms would be taxed $250 for each unit of pollution emitted. The regulated firms all currently pollute and face varying costs of pollution reduction, though all face increasing marginal costs of pollution reduction. Suppose the permit policy is adopted. A firm will wish to purchase its first permit if the price of that permit is less than or equal to:
A. the average cost of eliminating one unit of pollution. B. the reduction in costs associated with increasing its emissions from zero to one unit. C. the increase in costs associated with reducing its existing emissions by one unit. D. the lowest cost of eliminating one unit of pollution.
The figure above shows the demand for and supply of rental housing in Smallton. If a rent ceiling is set at $800, there is
A) a shortage of 3,000 units of rental housing. B) a shortage of 6,000 units of rental housing. C) a surplus of 3,000 units of rental housing. D) neither a shortage nor a surplus of rental housing.
In a monopolistically competitive market, the number of firms adjusts until economic profits are driven to zero
a. True b. False Indicate whether the statement is true or false
Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces fish and bird reproduction. This causes damage to local fishermen and bird watchers. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen and bird watchers will not suffer any damage. The relevant gains and losses (in thousands of dollars) for the three parties are listed below. WithFilterWithoutFilterGains to Erie$200$400Fisherman$180$50Bird Watchers$130$25If Erie Textiles does not install the filter, there will be a net social ________ of ________ (in thousands of dollars).
A. loss; $35 B. gain; $200 C. loss; $110 D. gain; $75