The Law of Supply Typically Holds Because

question 2

Multiple Choice

The law of supply typically holds because:

• A)Of decreasing returns to scale.
• B)Of economies of scale.
• C)As production increases, a firm has to resort to hiring inherently less productive workers.
• D)Of diminishing marginal product ensures that a firm's short-run MC is upward sloping.
• E)None of the above.

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Definitions:

Emergency Basis

Acting or proceeding with immediate response due to a sudden and urgent need, often in medical or disaster situations.

Commit

To pledge or bind oneself to a certain course or policy; to engage fully in an action.

Involuntarily Committed

The legal process by which individuals are placed into a mental health treatment facility without their consent, often due to their potential danger to themselves or others.

Suicidal

Pertaining to having thoughts, tendencies, or actions towards causing one's own death.