For managers who know that they have no chance of meeting their goals, high powered sales goals
a. Give an incentive to spread out their sales into the year
b. Give an incentive to accelerate costs or delay sales
c. Give no incentive to accelerate sales or delay costs
d. None of the above
b
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When the factor market is purely competitive, the firm's average expenditure curve for a factor of production is
A) upward sloping and to the right of the marginal expenditure curve. B) downward sloping and to the right of the marginal expenditure curve. C) identical to the marginal expenditure curve. D) downward sloping and to the left of the marginal expenditure curve.
Which of the following is a characteristic of a sunk cost? a. It cannot be recovered
b. It affects current business decisions. c. It is variable over time. d. It affects marginal costs.