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Author Question: Data on Northeastern manufacturing firms show that firm size (number of workers per firm) increased ... (Read 50 times)

future617RT

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on: Jun 30, 2018
Data on Northeastern manufacturing firms show that firm size (number of workers per firm) increased for _________________ between 1820 and 1860.
 a. mechanized industries
  b. non-mechanized industries
  c. mechanized and non-mechanized industries
  d. only the textile industry

Question 2

According to William Niskanen's model of bureaucracy, Congress tends to approve a bureau's budget at a level where
 a. the marginal value of the last unit of the bureau's output is greater than the marginal cost.
  b. the marginal cost of the last unit of the bureau's output is greater than the marginal value.
  c. the marginal value of the last unit of the bureau's output equals the marginal cost.
  d. the marginal cost of the last unit of the bureau's output is zero.


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morrie123456

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c. mechanized and non-mechanized industries

Answer to Question 2

b. the marginal cost of the last unit of the bureau's output is greater than the marginal value.


future617RT

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Gracias!

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