-In the Above Figure, to Achieve Efficiency, the Government Should

question 33

Multiple Choice

-In the above figure, to achieve efficiency, the government should

• A) impose a tax of $2 per unit.
• B) impose a tax of $3 per unit.
• C) offer a subsidy of $2 per unit.
• D) offer a subsidy of $3 per unit.

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Definitions:

Leaner Organizations

Refers to organizations structured with fewer layers of management and a broader span of control, aiming to reduce costs and increase efficiency.

Evolving Organizations

Organizations that are capable of adapting and changing in response to internal and external factors, ensuring long-term survival and growth.

Lead

The initial stage in a process or the position of advantage in a competitive situation.

Manage

To control or direct the use of resources effectively to achieve specific objectives or outcomes.