Which of the Following Is NOT a Determinant of Demand

question 156

Multiple Choice

Which of the following is NOT a determinant of demand?

• A) the price of an input
• B) the price of a complementary good
• C) the price of the good next month
• D) the price of a substitute good

Apply motivational theories to understand the behavior of individuals in organizational contexts.

Understand the different motivational theories, including those by McClelland, Herzberg, Skinner, Vroom, and Maslow.

Identify and differentiate between hygiene factors and motivating factors in Herzberg's two-factor theory.

Recognize the implications of reinforcement theory and the role of consequences in behavior modification.

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Definitions:

Law Of Diminishing Returns

An economic principle stating that adding more of one factor of production, while holding others constant, will at a certain point yield lower incremental per-unit returns.

Economies Of Scale

The financial benefits that businesses achieve because of their size of operation, generally seeing a reduction in cost per unit of output as the scale expands.

Medicine And Dentistry

Fields of study and professional practice focused on maintaining and restoring human health through the treatment of diseases and conditions affecting the body and oral health, respectively.

ATC Curve

Short for Average Total Cost Curve, it's a graphical representation used in economics to show how the average total cost of producing a good varies with the level of output.