How much do outputs increase when labor and capital increase from 1 to 2 units for the following production function , q = 10L0.5K0.3?

If a foreign company operating in a country changes work rules resulting in a more flexible allocation of resources in the various sectors of the domestic economy,________

A) the productivity of domestic workers is likely to decrease B) the productivity of domestic workers is likely to increase C) the gross domestic product of the economy is likely to decrease D) the Human Development Index of the country is likely to decrease

To develop a competitive advantage and increase their firm's profitability, managers need to understand what affects their revenues, costs, and their ability to set prices

Indicate whether the statement is true or false