Problem regarding Company Unions
Can someone please help me in finding out the accurate answer from the following question. Unions which act primarily as tools for managers of a firm are termed as: (1) Union-busters. (2) Wildcat unions. (3) Company unions. (4) Managerial unions.
The resources of a firm in the long run which has consistently suffered economic losses are probably to: (i) move into a more profitable industry. (ii) share losses equal to the firm’s fixed costs. (iii) be merged into a firm along with better m
A purely competitive industry produces a positively-sloped long-run industry supply curve when the industry: (i) includes only firms which experience diseconomies of scale. (ii) is an increasing cost industry. (iii) experiences technological advances
When the quantity of SCUBA lessons demanded by Hawaiian tourist’s increases from 800 to 1,000 weekly and if the price drops/falls from $30 to $20 per session, by using the arc elasticity formula, the price elasticity of demand will be: (i) 5.555
The entire profit maximizing organization will hire more labor up to the point where: (w) Average physical product of labor equivalents the nominal wage. (x) Last unit of labor adds uniformly to net revenue and net cost. (y) Marginal product of the labor is at its hig
I have a problem in economics on Technology in supply. Please help me in the following question. The bumper corn crop caused by the good weather would symbolize a raise in: (i) supply. (ii) Consumer’s tastes for corn. (iii) Demand. (iv) The price of corn. <
Explain in brief about the importance of strategic management towards the success of a business?
Setting a price ceiling below the equilibrium price will: (w) bring the equilibrium price down. (x) create excess demand at the maximum price. (y) create excess supply at the maximum price. (z) clear the market at the maximum price.
Nintendo Co. of Japan has been accused of discarding its products (as selling below cost) upon the U.S. market that harms U.S. producers. When true, it is an illustration of: (w) excessive international competition. (x) protectionism. (y) aggressive advertising. (z) p
A firm within an imperfectly competitive market is: (w) more likely to advertise than a purely competitive firm. (x) less probable to advertise than a purely competitive firm. (y) neither more nor less probable to advertise than a pure competitor. (z)
When an oligopolistic firm increases its price, in that case the demand this faces will be: (1) more elastic if the other firms in the industry raise their prices. (2) less elastic when no other firms in the industry raise their prices. (3) more elast
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