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A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
A. democratic leadership.
B. autocratic leadership.
C. free-rein leadership.
D. creative leadership.
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
suppose that an economy consumes all salary income and saves all capital income. Describe if the factors of production earn their marginal product.
Perfect Competition - Draw supply and demand graphs and show how the following situations would shift supply or demand. Does Price (P) and Quantity demanded (Q) rise or fall? The Affordable Care Act increases the number of individuals with health ins..
The zinc also copper monopolists every set a price, believing that the other monopolist will not change its price. Conclude the equilibrium price of brass.
Dene producer surplus. Using a graph, illustrate producer surplus for a rm with an avoidable fixed cost. Why is it convenient to focus on producer surplus when analyzing policy changes?
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
How does the president most directly influence the Federal Reserve System? The Federal Reserve includes twelve. Which is an example of a natural monopoly? Which of the following circumstances usually comes before a period of economic contraction?
Economists use Gross Domestic Product (GDP) to measure the economic activity and the national income. What are the major components of the USA GDP? Explain the contribution of each component to the GDP with data. What is the difference between real G..
Metro Airlines runs 10 flights per day at a total cost of $50,000, which includes $30,000 in fixed costs for airport fees, airplanes, and the reservation system and $20,000 invariable costs for flight crews, fuel, baggage handlers, and food service. ..
Adjust the benefit or cost curve or both to illustrate the private also social benefits also costs in the market for electricity.
Suppose that a cost-minimizing firm, faced with constant input prices, recently increase the quantity of each of its inputs by 10%. As a result, its output increased from 100 to 120 units.
The participation of women in the U.S. labor force has risen dramatically since 1970. How do you think this rise affected GDP? Now imagine a measure of well-being that includes time spent working in the home and taking leisure. How would the change i..
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