To answer, refer to the following: "Ford built 18 vehicles per auto employee in North America last year, while GM could only manage 12." (The Wall Street Journal) In comparison with GM, Ford had
A. higher total variable cost.
B. higher average variable cost.
C. lower average variable cost.
D. both a and c
E. none of the above
Answer: C
You might also like to view...
One problem that haunts most antitrust litigation is that: a. the government seldom wins
b. the appearance of vigorous competition resembles acts that undermine competition. c. it has the effect of preventing firms from being tough on their rivals. d. the defendant firm may be destroyed.
Recall the Application about the salaries paid in Major League Baseball to answer the following question(s). Some Major League Baseball players are free agents, meaning they are free to negotiate a contract with any team. Other players are journeymen and apprentices, who are restricted to a single team.Recall the Application. Which of the following, on the average, are paid the least relative to their MRPs?
A. rookies B. arbitration-eligible players C. free-agents D. They all are paid the same relative to their MRPs.