Biology Forums - Study Force

The isoquants for inputs that are perfect substitutes for one another consist of a series of:
 a. right angles
  b. parallel lines
  c. concentric circles
  d. right triangles
  e. none of the above

QUESTION 2

Straight line pay for performance
 a. Provides incentives to increase performance
 b. Eliminates the perverse incentive to hide information
 c. Does not link compensation to where the performance is relative to the budget target
  d. All of the above

QUESTION 3

The resource based view locates the source of advantage at the
 a. Individual firm level
  b. Industry level
  c. Both a and b
  d. None of the above

QUESTION 4

Marginal revenue product is:
 a. defined as the amount that an additional unit of the variable input adds to the total revenue
  b. equal to the marginal factor cost of the variable factor times the marginal revenue resulting from the increase in output obtained
  c. equal to the marginal product of the variable factor times the marginal product resulting from the increase in output obtained
  d. a and b
  e. a and c

QUESTION 5

Straight line pay for performance
 a. Eliminates the managers' incentives to lie about the budget
 b. Breaks the link between meeting a particular budget goal and compensation
  c. Rewards the manager for doing more and punishes them for doing less
 d. All of the above

QUESTION 6

The industrial organization economics perspective locates the source of advantage at the
 a. Individual firm level
  b. Industry level
  c. Both a and b
  d. None of the above

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