Two of the Characteristics That Are Especially Important in Influencing

question 91

True/False

Two of the characteristics that are especially important in influencing an innovation's rate of adoption are relative advantage and compatibility.

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Definitions:

Isocost

Lines representing all combinations of inputs that have the same total cost.

Capital

Resources or assets owned by individuals or organizations, utilized to create wealth through investment or production.

Isocost Line

A graphical representation in economics that shows all possible combinations of inputs that can be purchased for a given total cost.

Capital

Assets including money, machinery, and structures employed in the creation of products and services.