Graicunas's Formula Is as Follows: C = N

question 47

Multiple Choice

Graicunas's formula is as follows: C = n( + n- 1) .What does n stand for in this formula?

• A)the total number of departments in an organization
• B)the appropriate number of subordinates a manager can have
• C)the total number of levels an organization can have
• D)the known number of subordinates for a particular manager
• E)the appropriate number of possible relationships between manager and subordinates

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good varies as the volume of production increases.

Industry Supply Curve

A graphical representation showing the total quantity of a good or service that businesses in an industry are willing to sell at various price levels.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as the quantity of production increases.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of the industry over a range of prices.