Given the Above Graph,if the Firm Continues to Produce 45

question 85

Multiple Choice

Given the above graph,if the firm continues to produce 45 units of output and moves from point A to point B,it must be true that

• A)the price of labor decreased relative to the price of capital.
• B)the price of capital decreased relative to the price of labor.
• C)the cost of producing 45 units decreased.
• D)both b and c
• E)none of these are true

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Definitions:

Globalization Strategy

A globalization strategy is an approach adopted by organizations intending to operate and compete on a global scale, often involving diversifying markets, sourcing, and product offerings internationally.

Global Strategy

A plan developed by an organization to operate and compete in international markets.