In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?
A) It shifted down. B) It became flatter. C) It shifted up. D) It became linear.
Question 2
In a decision tree, the difference between a decision node and a terminal node is that
A) at a decision node all participants make the same decision, while at a terminal node different players may make different decisions.
B) at a decision node a decision must be made, while a terminal node shows the payoff.
C) at a decision node a decision must be made, while at a terminal node the final decision must be made.
D) at a decision node all participants are free to make individual decisions but at a terminal node they must agree on a collective decision.
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