The functional form of corporate organization
a. organizes employees along the functions or tasks that they perform
b. organizes employees along the customer types that they serve
c. organizes employees along individual projects that arise
d. organizes employees into softball teams
Question 2
A firm sees its marginal revenue increase by 20 and marginal cost increase by 15 when it produces its 1000th product. This implies
a. the production of the 1000th unit of output increases the firm's profit by 5.
b. The firm is past its profit maximizing output
c. We cannot say much on the profitability of the firm
d. Producing the 1000th item will in fact decrease the overall firm's profits.
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