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Author Question: Is a firm economically inefficient if it can cut its costs by producing less? Why or why not? ... (Read 63 times)

CBme

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Is a firm economically inefficient if it can cut its costs by producing less? Why or why not?
 
  What will be an ideal response?

Question 2

In the principal-agent relationship, the agent is
 
  A) the owner of a resource that has hired another party to act on his behalf.
  B) the person who is placed in control over resources that are not his own and agrees to compensate the resource owner in the event of outcomes that do not satisfy the resource owner.
  C) the person who is placed in control over resources that are not his own, with a contractual obligation to use these resources in the interests of some other party.
  D) the person who places his resources in professional hands in exchange for the professional's promise to act on the resource owner's behalf.


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EAN94

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CBme

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Reply 2 on: Jun 29, 2018
:D TYSM


Liamb2179

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

 

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