Summit corporation now has a single payroll department, a single human resource department, and a single administrative headquarters since the corporation "flattened" its organization structure. a. centralized. b. decentralized b. crafty times is a small independent craft shop and is managed by its owner. a. centralized. b. decentralized. c. the terracotta company, inc., is managed by its owner, who oversees production, sales, engineering, and the other administrative functions. a. centralized. b. decentralized. d. cheshire furniture, inc., is divided into several operating units. a. centralized. b. decentralized. e. duffy holdings wants its managers to be able to respond quickly to changes in local market demand so that the managers have the authority to make decisions about product offerings and pricing. a. centralized. b. decentralized. f. palm springs resorts and hotels, inc., wants to empower its managers to make decisions so that the managers' motivation is increased and retention of managers increases. a. centralized. b. decentralized. g. tanner corporation has formal training programs for lower-level managers and has a policy that it promotes from within the company whenever possible.
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Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.
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Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
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