A New Technology Is Developed for Producing Solar Panels That

question 62

Multiple Choice

A new technology is developed for producing solar panels that reduces production costs by 40%. Which of the following is true?

• A) Firms will continue to operate efficiently as long as no firm adopts this new technology.
• B) For the economy to remain efficient, product produced with this new technology must be equitably distributed to all consumers.
• C) This new technology will affect efficiency, and will change the equilibrium price and quantity for this industry.
• D) If firms do not adopt this new technology, then the economy will remain in general equilibrium, because firms will not change their price and output decisions.

Recognize the significance of simplicity and clarity when presenting to an international audience.

Understand the common purposes of business presentations and strategies to achieve them.

Learn the principles for organizing content in short and long presentations.

Acknowledge techniques for initiating and concluding presentations to maximize audience retention of the message.

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Definitions:

Decision Making

The process of selecting a course of action from multiple alternatives, often critical for resolving problems or achieving goals.

Informal Structures

Informal structures refer to the unofficial relationships and channels of communication that form naturally among employees within an organization, shaping social networks and influencing how work actually gets done.

"In" and "Out" Groups

Social categorizations within teams or organizations where members are either included within a preferred group ("in") or excluded ("out").

Vertical Layers

Layers within an organization that represent different levels of authority and responsibility, from top-level management to frontline workers.