Digistar, inc., is a large corporation that produces a wide variety of products and services. as a result, it is a tall organization with a product structure. employees are only expected to report to a single boss. even so, communications between various functions in a division has become a problem. because of this, it often takes a long time to bring new products to market, which is a severe handicap in highly competitive areas, such as printers. to expedite the process of bringing new printers into the market, digistar should form a

The distinction between a normal and an inferior good is

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?