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The Magnification Effect Suggests That the Change in the Price

question 138

True/False

The magnification effect suggests that the change in the price of a resource is smaller than the change in the price of the good that uses the resource relatively intensively.


Definitions:

Training Program Cost

The total expense incurred in the design, development, delivery, and evaluation of a training program.

Return on Investment

A financial metric used to evaluate the efficiency or profitability of an investment, comparing the magnitude and timing of gains to costs.

ROI

A metric used to evaluate the efficiency or profitability of an investment, comparing net gain to initial cost.

Utility

The usefulness or value that a product, service, or action provides to individuals or organizations.

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