At outputs less than the minimum of average variable cost:
a. marginal cost is greater than average variable cost.
b. marginal cost is less than average variable cost.
c. marginal cost is equal to average variable cost.
d. marginal cost is parallel to average variable cost.
B
Economics
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Employees at La Dola Inc often engaged in hasty decision making that resulted in losses for the company. Because employees were not individually accountable for their decisions, this trend continued
However, when the company introduced a policy of profit-sharing with its employees, they began scrutinizing their decisions carefully before implementing. Explain the reason behind the change in the employees' behavior.
Economics
Both the supply and demand curves can shift due to changes in income
a. True b. False
Economics