Author Question: A tycoon purchasing a loss making company will install new management teams only as long as the ... (Read 73 times)

karlynnae · **on:** Jun 30, 2018

A tycoon purchasing a loss making company will install new management teams only as long as the marginal value of the additional information these teams generate is worth the cost of installing them.
Indicate whether the statement is true or false

Question 2

If demand is unit elastic, an increase in price will lead to an increase in total revenue.
Indicate whether the statement is true or false