X-inefficiency refers to a situation in which a firm:
a. is not as technologically progressi...
X-inefficiency refers to a situation in which a firm:
a. is not as technologically progressive as it might be.
b. encounters diseconomies of scale.
c. fails to realize all existing economies of scale.
d. fails to achieve the minimum average total costs attainable at each level of output.
Answers: 1
Business, 22.06.2019 00:50
Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?
Answers: 1
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
Business, 22.06.2019 12:00
Identify at least 3 body language messages that project a positive attitude
Answers: 2
Business, 22.06.2019 19:30
John's pizzeria and equilibrium john is selling his pizza for $6 per slice in an area of high demand. however, customers are not buying his pizza. using what you learned about the principles of equilibrium, write three to four sentences about how john could solve his problem.
Answers: 1
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