Overall, the Primary Organizational Principle That Motivates McDonaldization Is

question 57

Multiple Choice

Overall, the primary organizational principle that motivates McDonaldization is

• A) an emphasis on efficiency since people expect to be served fast.
• B) calculability so that inputs, outputs, and profits are easily measured.
• C) predictability so that people will always know what they are getting.
• D) control so that the behavior of the customers and workers is reduced to a series of machinelike actions.

Recognize the conditions necessary for long-run equilibrium under perfect competition and the implications for firm entry and exit.

Identify and explain the differences among constant-cost, increasing-cost, and decreasing-cost industries and their impact on market equilibrium.

Understand the effects of taxes and regulations on firm’s production decisions and economic outcomes in the long term.

Assess how producer surplus, economic rents, and economic profits differ and contribute to a firm's financial health.