It is argued that a policy of tax reductiontax reduction will result in: A. A shift from LRAS 2LRAS2 to LRAS 1LRAS1 with a lower price level and higher output. B. A shift from LRAS 1LRAS1 to LRAS 2LRAS2 with lower output at a lower price level. C. A shift from LRAS 2LRAS2 to LRAS 1LRAS1 with a higher price level and lower output. D. A shift from LRAS 1LRAS1 to LRAS 2LRAS2 with higher output at a lower price level

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.