Author Question: Which of the following will improve your salary bargaining position a. The product your team ... (Read 79 times)

burton19126 · **on:** Jul 1, 2018

Which of the following will improve your salary bargaining position
a. The product your team produces has become more costly to produce
b. New firms have entered with competing products for the one your team produces
c. Your competitors have developed new products that contain more of the features that your team produces
d. There are fewer close substitutes for the product your team supports

Question 2

Technical progress will:
a. shift a firm's production function and its related cost curves.
b. not affect the production function, but may shift cost curves.
c. shift a firm's production function and alter its marginal revenue curve.
d. shift a firm's production function and cause more capital (and less labor) to be hired.