A Factor Demand Curve Will Shift Because Of

question 28

Multiple Choice

A factor demand curve will shift because of:

• A) a change in the number of firms.
• B) the slope of the MP curve.
• C) the elasticity of demand for the final product.
• D) the proportion of the factor's cost relative to total cost.

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Definitions:

Management Power

The capacity of managers to influence employees, allocate resources, or make decisions to achieve organizational objectives.

Refreezing

The stage in the Lewin's change model where new behaviors or norms are solidified into the organization’s culture after a change has been implemented.

Organizational Politics

The activities and behaviors individuals engage in within an organization to gain power, influence decisions, and achieve personal goals.

Role Patterns

Established behaviors and expectations associated with specific positions or roles within an organization.