According to Economists Alchian and Demsetz, Firms Are Formed When

question 105

Multiple Choice

According to economists Alchian and Demsetz, firms are formed when

• A)the sum of what individuals can produce as a team is greater than the sum of what individuals can produce working alone.
• B)the sum of what individuals can produce working alone is greater than the sum of what individuals can produce as a team.
• C)what each individual can produce as a member of a team is less than what each individual can produce working alone.
• D)the sum of what individuals can produce as a team is equal to the sum of what individuals can produce working alone.
• E)none of the above

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Definitions:

Renal Vein

A vein carrying filtered blood away from the kidney back towards the heart.

Renal Pelvis

The funnel-shaped structure in the kidney that collects urine from the nephrons and channels it into the ureter.

Renal Cortex

The outer portion of the kidney where most of the glomeruli and the convoluted tubules are found, involved in the filtration of blood.

Renal Medulla

The innermost part of the kidney composed of renal pyramids and tubules, crucial for the concentration and regulation of urine.