Examlex

Solved

An Economist Observed That, as More Computers Are Added to a Factory

question 82

Multiple Choice

An economist observed that, as more computers are added to a factory, the costs of production initially decline, reach a minimum, and then rise. In a diagram that has costs on the vertical axis and the number of computers on the horizontal axis, the relationship always is


Definitions:

Identify Need

The process of recognizing a gap or requirement that necessitates a solution or action to improve a situation or resolve a problem.

Implement Change

This involves executing strategies or actions to alter the current state of an organization or system to achieve desired improvements or adaptations.

Open System

A system that receives inputs from its external environment.

External Environment

Factors outside an organization that can affect its operations and success, including economic, political, social, and technological influences.

Related Questions