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Author Question: Demand functions are homogeneous of degree zero in all prices and income.. This means a. a ... (Read 47 times)

burchfield96

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on: Jul 1, 2018
Demand functions are homogeneous of degree zero in all prices and income.. This means
 a. a proportional increase in all prices and income will leave quantities demanded unchanged.
  b. a doubling of all prices will not alter consumption decisions.
  c. prices directly enter individuals' utility functions.
  d. an increase in income will cause all quantities demanded to increase proportionately.

Question 2

The features of the U-Form of firm organization are
 a. workers can easily develop a high degree of functional expertise
  b. it is difficult for employees to share information across positions within a division
  c. employee evaluation is hampered by managers having different skill sets than workers
  d. coordination across divisions is simple and does not take much management time


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wilsonbho

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


burchfield96

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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