The features of the M-Form of firm organization are

a. divisions can respond more easily to change
b. it is difficult to maintain customer relationships
c. coordination across divisions is simple and does not take much management time
d. evaluating employees is easier because managers typically are similarly trained

a

Economics

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What is the profit-maximizing condition for a firm when trying to decide how much land touse forproduction?

What will be an ideal response?

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In response to an increase in the wage rate, the substitution effect will cause a person to

A) supply fewer hours of labor. B) supply more hours of labor. C) supply the same hours of labor. D) have a backward bend in her labor supply curve.

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