Suppose That Each Worker Must Use Only One Shovel to Dig

question 102

Multiple Choice

Suppose that each worker must use only one shovel to dig a trench,and shovels are useless by themselves.In the long run,the firm's cost function is

• A) TC = (w/r) ∗ q.
• B) TC = (w + r)/q.
• C) TC = (w + r).
• D) TC = (w + r) ∗ q.

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Definitions:

Virtual Teams

Groups of individuals who work together from various geographic locations and rely on communication technology to collaborate.

Flatter Organization

An organization with fewer hierarchical levels, promoting better communication, quicker decision-making, and often higher employee morale.

Self-managed Teams

Groups of workers who are given administrative oversight for their task domains, including planning and scheduling of work, the allocation of resources, and the operation of their work processes.

Self-managed Team

A group of employees who are provided with the autonomy to manage their work and make decisions without direct supervision.