Which of the Following Situations Would Prompt Individuals to Try

question 59

Multiple Choice

Which of the following situations would prompt individuals to try to form a team (firm) , according to Alchian and Demsetz.

• A)Jones, Smith, and Brown together produce 100 units of good X each day working alone and 90 units of good X each day working together.
• B)Jones, Smith, and Brown together produce 100 units of good X each day working alone and 120 units of good X each day working together.
• C)Jones, Smith, and Brown together produce 100 units of good X each day working alone and 100 units of good X each day working together.
• D)Jones produces more working alone than Smith or Brown produce working alone.
• E)Jones produces more working as a member of a team than Smith or Brown produce working as a member of a team.

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Definitions:

Transitions

Changes in state or conditions within a system's process that trigger specific actions or sequences in control programming.

Counter Rung

A ladder logic diagram element that tracks and controls occurrences of an event within a PLC program.

Parameter

A variable or factor that can be set or adjusted in order to influence or determine a process or system's behavior.

External Trigger

A signal or event from outside a system that initiates a process or action within the system.