Use the above table. What will the price be when external costs are internalized with a tax?
A. $13
B. $14
C. $12.20
D. $1.80
Answer: B
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The average total cost curves for Plant 1, ATC0, and Plant 2, ATC1, are shown in the figure above. Over what range of output is it efficient to operate Plant 2?
A) 0-20 B) 0-25 C) 20-25 D) greater than 25
The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. employee evaluation is hampered by managers often having different skill sets than those the manage
In the short run, an unanticipated shift to a more expansionary monetary policy is most likely to result in
a. an increase in short-term interest rates. b. a reduction in aggregate demand. c. a reduction in the inflation rate. d. an increase in employment.
Benchmarking occurs when a firm
A. sets up strategic plans for the future based on its current performance. B. advises other firms on organization, based on its success. C. compares its performance with its previous performance. D. compares the strategies of other firms in the industry to derive its strategy.