Recent research on CEO behavior tells us that CEOs generally
A. increase their firm's R&D expenditure so as to boost earnings long before they retire.
B. reduce their firm's R&D expenditure so as to boost earnings just before they retire.
C. increase their firm's R&D expenditure so as to boost earnings just before they retire.
D. reduce their firm's R&D expenditure so as to boost earnings long before they retire.
Answer: B
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The restricted opportunity cause of poverty is due to government destroying incentives
Indicate whether the statement is true or false
A monopsonistic employer's marginal resource (labor) cost curve:
A. is always more elastic than the labor supply curve. B. coincides with the labor supply curve. C. lies below the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers. D. lies above the labor supply curve because the higher wage paid to an additional worker must also be paid to all other employed workers.