Six Sigma strive for
a. perfect attendance
b. improvements in ethnic quotas
c. less environmental impact
d. perfection in processes and product
Ans: d. perfection in processes and product
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As output expands, the slope of the average total cost curve
a. stays negative throughout b. stays positive throughout c. is first negative and then positive d. is first positive and then negative e. is constant
Econville opens up trade with its neighboring countries. This causes the number of sellers of science fiction novels to increase. What happens to the equilibrium price and quantity?
a. Price and quantity both increase. b. Price decreases, and quantity increases. c. Price increases, and quantity decreases. d. Price and quantity both decrease.
R2 is the ratio of the explained variation compared to the total variation.
Answer the following statement true (T) or false (F)
In the United States, which of the following is an example of a government-sponsored good?
A. wireless networks B. cable TV service C. community college education D. cigarettes