Author Question: The concept that explains the firm's ability to produce output with differing bundles of resources ... (Read 130 times)

mydiamond · **on:** Jul 1, 2018

The concept that explains the firm's ability to produce output with differing bundles of resources is called
a. Resource heterogeneity
b. Resource immobility
c. Barriers to entry
d. Imitability

Question 2

Which firm is not dealing with adverse selection
a. a manufacturer requires a 90 day probationary period for new employees
b. a temporary clerical agency requires a typing test
c. a manufacturer requires suppliers to be ISO 9000 certified
d. Smokers get the same life insurance rates as non-smokers