Which of the Following Is a Sociocultural Component in the General

question 2

Multiple Choice

Which of the following is a sociocultural component in the general environment of a book publisher that can indirectly influence how it does business? 

• A) ​An increase in the number of competitors 
• B) ​The number of book distributors in a particular location 
• C) ​A trend toward less leisure time 
• D) ​An advocacy group supporting free books for children

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Definitions:

Average Product

The output produced per unit of input, calculated by dividing total production by the total number of inputs.

Marginal Product

The additional output that results from the use of one more unit of a production input, holding all other inputs constant.

Nonlabor Resources

Inputs used in the production of goods and services that do not involve human labor, such as capital, land, and natural resources.

Average Product

The output per unit of input, such as labor or capital, calculated by dividing total production by the number of input units.