Managers of profit centers earn more when their divisions
a. increase their sales and increase their costs
b. decrease their sales and increase their costs
c. decrease the costs of the components for which they are responsible
d. increase the costs of the components for which they are responsible
c
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Equilibrium is reached where there is no inherent force causing quantity supplied or quantity demanded to change.
Answer the following statement true (T) or false (F)
An increase in a firm's capital stock ________ in the marginal benefit of hiring labor
A) will cause no change B) will cause a decrease C) will cause an increase D) may cause an increase, a decrease, or no change
Coordination of economic policies among nations is a prisoner's ________ because all countries will be better off if they ________
A) dilemma; cooperate B) conundrum; cooperate C) sentence; compete D) screed; compete E) quandary; collude
As a measure of economic welfare, GDP underestimates a country's production of goods and services when there is an increase in
A) the production of military goods B) the productions of antipollution devices C) crime prevention services D) household production E) legal services