Author Question: For an individual who consumes only two goods, X and Y, the opportunity cost of consuming one unit ... (Read 32 times)

chandani · **on:** Jul 1, 2018

For an individual who consumes only two goods, X and Y, the opportunity cost of consuming one unit of X in terms of how much Y must be given up is reflected in
a. the individual's marginal rate of substitution.
b. the slope of the individual's budget constraint.
c. the slope of the individual's indifference curve.
d. None of the above.

Question 2

All of the following describe the conflict between divisions EXCEPT
a. Divisional managers are rewarded for the efficiency of their divisions
b. managers of profit centers care too little about the effects of their decisions on other divisions
c. managers are rewarded only for how well their own division is run
d. corporate executives cannot tell when one divisional manager's decision is appropriate or not