The Two Strategic Models That Have Relatively High Manufacturing Costs

question 62

Multiple Choice

The two strategic models that have relatively high manufacturing costs are

• A)global and transnational.
• B)international and transnational.
• C)multinational and international.
• D)global and international.
• E)multinational and transnational.

---

Definitions:

Marginal Revenue Product

measures the increase in revenue that results from the addition of one more unit of input while holding all other inputs constant.

Equilibrium

A state in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price.

MPs

Members of Parliament, elected officials who represent constituencies and have legislative responsibilities in the national government.

Purely Competitive Conditions

A market structure characterized by many buyers and sellers, where each seller offers an identical product, leading to price taken as given by individual sellers due to the market's competition.