The quantity of goods and services that can be produced by one worker or by one hour of work is known as

Dell Computers decides to produce PCs and sell them directly over the Internet and via Best Buy. This is an example of

A) incentives. B) a microeconomic decision. C) a macroeconomic decision. D) scarcity.

Which of the following would be associated with the early phase of the product cycle?

A) Large amounts of production in low-income, developing countries B) A standardized product with an assembly-line style production process C) Sophisticated marketing and customer feedback mechanisms D) More consumption in low-income, developing countries