Entrepreneurs can delegate every one of the following tasks to labor except:
a. hiring and training new employees.
b. assuming business risk and uncertainty.
c. supervision of the production process.
d. researching ideas for new products.
e. marketing the goods and services produced.
b
Economics
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The interest rate on a consol equals the
A) price times the coupon payment. B) price divided by the coupon payment. C) coupon payment plus the price. D) coupon payment divided by the price.
Economics
An efficient contract is an agreement in which
A) neither party can be made better off without harming the other party. B) both parties agree on its clauses. C) one party takes all. D) both parties agree to always do their best.
Economics