Demand functions are homogeneous of degree zero in all prices and ...

[burchfield96]

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

[wilsonbho]

Answer to Question 1

a

Answer to Question 2

a

[burchfield96]

Gracias!

[robbielu01]

TYSM