1.The resource based view locates the source of advantage at the a. Individual firm level b....
1.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 |
|
2.To keep employees from shirking, you can invest in greater monitoring |
|||||||||||||
| a. |
when employees fail to respond to incentive contracts |
|
| b. |
even though monitoring is expensive |
|
| c. |
especially when monitoring is not very efficient |
|
| d. |
when incentives solve both moral hazard and adverse selection problems with employees. |
3. How does Ebay differ from an economist’s view of a perfect competitive market?
| a. |
There is limited information in ebay whereas perfect competitive industry assumes full information for both buyers and sellers |
|
| b. |
There is no difference between these two markets. |
|
| c. |
Ebay has few sellers whereas perfect competitive industry assumes many sellers |
|
| d. |
Ebay has few buyers whereas perfect competitive industry assumes many buyers |
4. Any point on the production possibilities frontier is called
| a. |
inefficient |
|
| b. |
unemployment |
|
| c. |
full employment |
|
| d. |
unobtainable |
Homework Answers
1) :- A is right option individual firm level
The resource based view locates the source of advantage at the Individual firm level.
•Resources based view is model which is used to see certain type of resources for increasing the firm performance you can see here firm matter more important than industry .
3) :- Ais right option, There is limited information in ebay whereas perfect competitive industry assumes full information for both buyers and sellers.
•EBay is online auction website used for buy And sell . Company use such kind of online platform to deal with finite or infinite transaction daily.
•Perfect competition is used to decibe industry where numberous firms produce identical product with no Or little entry barriers they are price taker in nature.
4) :- c is right option, Any point on the production possibilities frontier is called full employment
•PPF is helpful us to give answer of what is trade off because of trade off between production of two good
•Point occur inside PPF is no doubtable but inefficient.
•If economy is producing combination good and place it on production possibilities curve then in economy full employment exist.
Sorry forgot second one i am confused in second one answer maybe because it all option are right
Add Answer to:
1.The resource based view locates the source of advantage at
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Homogeneous product a several sellers and [ Select ]
["unique", "Many Many", "few few", "3-4"] buyers easy
entry and exit.
2. Perfectly competitive firms are known as Price Takers because
they [ Select ] ["have pricing power", "have minimal
pricing power", "have very little pricing power", "have no pricing
power"] which means they[ Select ] ["should
advertise less", "have no incentive", "ought to advertise", "must
advertise more"] to advertise
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