If a manager cannot use his management team to deliver a product profitability to the marketplace, a solution for the board of directors might be to
A. let the manager have more time to figure things out.
B. increase bonuses for the current management.
C. fire the manager and reorganize the company.
D. shut down the operations of the company.
Answer: C
Economics
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If demand for a product is perfectly inelastic, a change in price will not change total revenue
Indicate whether the statement is true or false
Economics
If the demand for salad dressing increases when the price of lettuce decreases, the cross-price elasticity of demand between salad dressing and lettuce will be ________ because these two goods are ________.
A. negative; substitutes B. zero; inferior C. equal to 1; inelastic D. negative; complements
Economics