Author Question: John has 40 to spend on pizza and tacos. Pizza costs 10 each and tacos are 1 per taco. John's real ... (Read 73 times)

sjones · **on:** Jun 29, 2018

John has 40 to spend on pizza and tacos. Pizza costs 10 each and tacos are 1 per taco. John's real income ________.

A) is 40
B) is 4 pizzas or 40 tacos
C) is 4 pizzas plus 40 tacos
D) depends only on his money wage

Question 2

The principal-agent problem refers to the fact that firms must

A) choose between economic efficiency and technological efficiency.
B) choose between a managerial and an incentive system.
C) devise incentives to get employees to work in the best interest of the firm's owners.
D) choose between operating as a partnership or corporation.