Because Generalists Are Often _______ Expensive Than Specialists,organizations Employing a Greater

question 118

Multiple Choice

Because generalists are often _______ expensive than specialists,organizations employing a greater proportion of generalists often ___________ costs.

• A) less, increase
• B) more, increase
• C) less, reduce
• D) more, reduce

---

Definitions:

Perfect Competitor

A market structure in which numerous small firms compete against each other with identical products, no single firm can influence the market price; all firms are price takers.

Marginal Revenue

Extra income gained by disposing of one additional unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra single unit of a product or service.

Quantity Sold

This refers to the total amount of a product or service that is sold within a given time period.