Sasha Developed a New Technology for Cordless Charging of Cellphones

question 88

Multiple Choice

Sasha developed a new technology for cordless charging of cellphones and other devices,but she misled her investors about the cost of producing the new chargers and the number of units she could supply.Which of the following is the most likely cause of failure here?

• A)lack of ability
• B)deviance
• C)uncertainty
• D)inattention

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Definitions:

Marginal Cost

The cost incurred by producing one more unit of a product, essential for decision-making in production and pricing strategies.

Perfect Competitor

An ideal market condition where numerous small firms compete against each other, and goods are sold at their marginal cost.

Long Run

A period in economic theory where all factors of production and costs are variable, allowing companies to adjust to market conditions fully.

Perfect Competitor

A theoretical market structure where many firms sell an identical product, entry and exit from the market are easy, and no single seller can influence the market price.