Which of the Following Helps Explain Why the Law of Supply

question 331

Multiple Choice

Which of the following helps explain why the law of supply exists?

• A) Larger outputs result in lower costs of production.
• B) The law of increasing opportunity cost
• C) The costs of production remain constant throughout all levels of output.
• D) Sellers realize that if the price increases, they make larger profits and do not need to change their production.
• E) The law of demand

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Definitions:

Adaptive Organizational Cultures

are cultures within organizations that are flexible and able to adjust to changes in the environment or industry to maintain relevance and effectiveness.

Nonadaptive Organizational Cultures

Organizational cultures that struggle to adjust to changes in the market or environment, potentially leading to diminished effectiveness or failure.

Sense of Identity

An individual's perception of themselves, including their beliefs, qualities, and expressions that make them unique.

Organizational Culture

The shared values, norms, beliefs, and practices that characterize an organization and guide its members’ behavior.