When wages increase:
a. the quantity of labor supplied by an individual always increases.
b. the quantity of labor supplied by an individual always decreases.
c. the opportunity cost of leisure time increases.
d. the opportunity cost of leisure time decreases.
Question 2
Moving decisions downward into functional areas economizes on information and is efficient because a functional department is by definition expert at a subset of the firm's activities.
Indicate whether the statement is true or false
Labor and delivery.
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Indentured Labor from Asia
Modern machinery has helped farmers increase yields