Answer:
c. microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
Explanation:
Macroeconomics analyzes the behavior and performance of the entire economy. It examines all the aggregate indicators that influence economic performance. These factors inflation, unemployment rate, growth rate, and gross domestic product. The Government and other stakeholders use macroeconomic data to formulate policies aiming at directing the economy in the intended direction.
Microeconomics is the analysis of how firms and individual households allocate limited resources to satisfy unlimited wants. It studies how individuals make choices and how those choices affect the production and consumption of a product. Microeconomics is concerned with a single product or market, while macroeconomics deals with the whole economy.
Answer: d. should produce more in the Texas factory and less in the Michigan factory
Explanation:
A company stands to benefit more if it produces at less cost because then it can produce more goods or rather make more profit.
This company is is spending $3 to make an additional unit in Texas than in Michigan where it is spending $5.
It is spending less in Texas and should therefore shift more production to Texas so that it can spend even less when producing and therefore become more profitable.
In a market economy, the factors of production are allocated by PRODUCERS AND CONSUMERS.
A market economy is a type of economy in which investment decisions about production and distribution of goods and services are based on the interplay of the forces of supply and demand which determine the prices of goods and services.
Answer:
Whistle blowing
Explanation:
Whistleblowing - it is referred to that act which draws the attention of the authorities toward wrongdoing or misconduct or any foul thing within any organization.
In the given question also, Mike also discovered misconduct in the project. despite having fear of losing job mike informed the authorities about misconduct
Answer:
decentralized organizational structure
Explanation:
A decentralized organizational structure is one where details of daily operations and associated decision making is delegated to middle and low level managers.
Thereby allowing the top management more time for major decisions that affects the company.
In the given scenario the regional branch of the organization makes an autonomous decision to remove the accessories and to offer a toned-down version of the bikes to compete in the emerging market. The decision is accepted by the headquarters on the principle that the man on the ground is the best judge of local conditions.
This is a decentralized organizational structure