Holding everything else constant, an increase in the price of raisins will result in

Centralizing decisions is efficient if people at lower levels of an organization have knowledge to which those at higher levels can add little

Indicate whether the statement is true or false

If the value of the marginal product of labor exceeds the wage, then hiring another worker increases the firm's

a. profit. b. total cost. c. total revenue. d. All of the above are correct.