Refer to Figure 12-3. Suppose the prevailing price is P1 and the firm is currently producing its loss-minimizing quantity. Identify the area that represents the loss

Since 1950, the balance of trade for United States has

A) gone from a surplus to a deficit. B) gone from a deficit to a surplus. C) remained constant. D) gone from a small deficit to a larger deficit.

Straight line pay for performance

a. Provides incentives to increase performance b. Eliminates the perverse incentive to hide information c. Does not link compensation to where the performance is relative to the budget target d. All of the above