For Efficient Allocation of Resources ________ and ________ Must Be

question 47

Multiple Choice

For efficient allocation of resources ________ and ________ must be equal across firms.

• A) the marginal product of capital; the marginal product of labor
• B) nominal wages; real wages
• C) the capital stock; the labor stock
• D) unemployment must be equal to its natural rate; wages
• E) net exports should be zero; the marginal product of capital

Define and differentiate between mechanistic and organic structures in organizations.

Describe the concept of an ambidextrous organization and its significance in innovation.

Identify the characteristics, benefits, and drawbacks of modular organizations.

Explain the concept, advantages, and limitations of virtual organizations.

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Definitions:

Genetic Link

A connection between certain genes and specific traits or diseases.

Cones

Photoreceptor cells in the retina of the eye that function best in relatively bright light and enable the perception of color.

Visual Acuity

The clarity or sharpness of vision, often measured as the ability to discern letters or numbers at a given distance.

Wavelength

The distance between corresponding points of two consecutive waves, commonly associated with the characteristics of waves in physics, such as light and sound.