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Alchian and Demsetz (1972) define team productive activity as "that in which a union, or joint use, of inputs yields a larger output than the sum of the products of the separately used inputs." Managing team production (as with other production forms) requires an assessment of the marginal productivities of resources. The joint use of inputs lead(s) to which implication(s):
a. The nonseparability of the individual outputs of joint inputs raises the costs of assessing the marginal productivities of individual team members. b. The monitoring and metering of team member productivity, matching that productivity to costs, and reducing shirking can be achieved more economically across a market using bilateral negotiations or contracts than within a firm. c. Both a and b follow from the nature of team productive activity.
What are the corresponding error rates?
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Design a minimum BCD to 7-segment LED display decoder circuit. The input is a 4-bit BCD value, and there are 7 outputs - one output for each segment of the 7-segment display.
Which two options should you use to begin troubleshooting?
MATLAB's fft command computes the DFT of a vector x assuming that the first sample occurs at time n = 0. Given that X = fft(x) has already been computed, derive a method to correct X to reflect an arbitrary starting time n = n0.
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