In general, the structure of a business firm
A) looks like a market.
B) looks like a flat network.
C) is largely determined by legal considerations.
D) seems more like a central planning agency than a market.
D
Economics
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New computer technology has
A) increased the cost of financial innovation. B) increased the demand for financial innovation. C) reduced the cost of financial innovation. D) reduced the demand for financial innovation.
Economics
Kim runs a sandwich joint that has a fixed cost of $1,000 . She has employed 3 workers and pays $100 per day to each worker. She sells 420 sandwiches per day at a price of $3.40 per sandwich. The average fixed cost incurred in the production of sandwiches is equal to:
a. $2.38. b. $3.09. c. $1.48. d. $0.88.
Economics