Suppose There Is an Increase in the Demand for Computers

question 93

Multiple Choice

Suppose there is an increase in the demand for computers in a competitive market. Then, in computer production,

• A)the marginal product will not change but the marginal revenue product will decrease.
• B)the marginal product will not change but the marginal revenue product will increase.
• C)both the marginal product and the marginal revenue product will increase.
• D)both the marginal product and the marginal revenue product will decrease.
• E)both the marginal product and the marginal revenue product will not change.

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Definitions:

Re-Creation

The process of rejuvenating or renewing something, making it fresh or new again.

Frame Breaking

A radical change or transformation in an organization's strategy, structure, or processes to fundamentally alter its course and improve performance.

Contingency Approach

A management theory that suggests the best way to organize or lead is to design the structure and management of an organization based on the current internal and external environment.

Fears

Emotional responses to perceived threats or dangers, which can affect behavior and decision-making.