Which of the following statements is (are) true of price-taking firms?
i. δ tr/δ q = p = mr
ii. price takers must lower their price to sell additional units of output because demand curves slope downward.
iii. if a price taker decides to increase output, the market price will decrease.
iv. examples of price takers include mcdonald's, burger king, wendy's, and sonic drive-in.

If you were running a company, what are at least two things you could do to improve its productivity.

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear

Consider a consumer who is contemplating a new automobile purchase. she has narrowed her decision down to two brands, honda accord and ford taurus. she has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision