Which of the following is an example of scarcity, rather than shortage? a. a popular toy is sold out during the busy holiday season. b. you have spent your last penny and payday is a week away. c. a person wants an endless supply of everything but cannot have it. d. dairy items were rationed in america during world war ii. select the best answer from the choices provided a b c d

Driving would be more pleasant if we didn't have to put up with the bad habits of other drivers. a newspaper reported the results of a valvoline oil company survey of 500 drivers in which the drivers marked their complaints about other drivers. the top complaints turned out to be tailgating, marked by 24% of the respondents; not using turn signals, marked by 19%; being cut off, marked by 15%; other drivers driving too slowly, marked by 12%; and other drivers being inconsiderate marked by 5%.

Management training programs, mentoring programs, and coaching systems are examples of

In the short-run, marginal costs are equal to the change in variable costs as output changes. ( mc = change in variable cost / change in quantity) assume that capital is fixed in the short-run. (a) start with the equation for marginal cost and derive an equation that relates marginal cost of production to the cost and productivity of labor. (b) draw a standard looking short-run marginal cost curve and use the equation you derived to explain its shape.