Next 2 questions from Mangerial Economics and Organizational Architecture.1. If the market for a product improves with increases in both the market demand and the price, then the reaction of companies in that market:a. will be identical.b. will depend on the ability of the firm's economists to accurately estimate te supply and demand curve.c. will depend on whether or not the organization is attuned to market incentives.d. is dependent on the government regulatory mission.2. XXXXX XXXXXkes skiing and needs one pair of bindings for each pair of skis he owns. George's indifference curves for skies and bindings:a. are approximately L-shapedb. are straight lines.c. have a constant slope of -1d. are upward sloping
Subject: Managerial Economics
Reading the book and researching the web
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MBA, Professor of finance and business mathematics
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