According to Graicunas's Formula for Determining the Number of Possible

question 78

Multiple Choice

According to Graicunas's formula for determining the number of possible relationships between a manager and subordinates,as the number of subordinates increases arithmetically,the number of possible relationships between the manager and those subordinates ________.

• A)increases proportionately
• B)decreases proportionately
• C)increases geometrically
• D)increases arithmetically,too
• E)decreases geometrically

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Definitions:

Quantity Demanded

Represents the total amount of a good or service that consumers are willing and able to purchase at a specific price level.

Labor Demand Curve

Graphical representation showing the relationship between the quantity of labor a firm demands and the wage rate, with other factors being constant.

Unit-elastic

Unit-elastic describes a situation where a change in price leads to an equivalent proportional change in quantity demanded or supplied, resulting in no revenue change for the seller.

Wage Increase

An upward adjustment in the amount of earnings a worker receives for their labor.