If Two Resources Are Highly Substitutable for One Another

question 43

Multiple Choice

If two resources are highly substitutable for one another,

• A)a decrease in the price of one will increase unit costs of production.
• B)an increase in the price of one will increase the demand for the other.
• C)an increase in the price of one will reduce the demand for the other.
• D)a decrease in the price of one will increase the demand for the other.

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Definitions:

Goal Clarity

The extent to which the objectives to be achieved are clearly defined and understood.

Performance Management Systems

Frameworks used by organizations to monitor, review, and manage the performance of employees and ensure the achievement of strategic objectives.

Harsh and Judgmental

Describes a critical and severe way of thinking or forming opinions about others, often without understanding or compassion.

Goal Setting

The process of identifying something that one aims to achieve and establishing measurable objectives and timeframes to accomplish it.