What is one reason "micro-managers" might be less successful than so-called "delegators"?
A) Delegators are smarter.
B) Delegators enjoy increasing returns to scale.
C) Micro-managers suffer decreasing returns to scale.
D) Micro-managers have constant returns to scale.
C
You might also like to view...
If the CPI is 120, this means that
A) prices are 120 percent higher than in the reference base period. B) prices are 0.12 times higher than in the reference base period. C) prices are 20 percent higher than in the reference base period. D) the inflation rate must be positive.
Which of the following statements about the Depository Institutions Deregulation and Monetary Control Act of 1980 is NOT correct?
A) It required all banks to maintain reserve deposits with the Fed. B) It gave member and nonmember banks equivalent access to discount loans. C) It halted the decline in Fed membership. D) It eliminated restrictions on interstate banking for member banks.