The Easier It Is for a Firm to Acquire Additional

question 87

Multiple Choice

The easier it is for a firm to acquire additional amounts of the factors of production they use,the

• A) smaller the numerical value of the price elasticity of supply.
• B) less elastic supply will be.
• C) greater the opportunity for earning a positive profit.
• D) more elastic supply will be.
• E) more inelastic supply will be.

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Definitions:

Internal

Pertaining to or situated within something; inner, especially referring to processes or phenomena occurring within an entity or organism.

Stable

Referring to a condition or situation that is not undergoing significant change or variation and is steady or unchanging over time.

Global

Pertaining to or involving the entire world; worldwide in scope or application.

Behavioral Theories

A group of theories suggesting that behavior is learned through interactions with the environment, rather than being innate or inherited.