Development of Nanotechnology Is an Example of

question 119

Multiple Choice

Development of nanotechnology is an example of

• A)a sociotechnical system.
• B)a reactive change.
• C)meeting an unarticulated need.
• D)an adaptive change.
• E)harmonizing multiple changes.

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Definitions:

Demand Function

A mathematical relationship that expresses the quantity of a good or service demanded at various prices.

Newspaper Prices

The cost at which newspapers are sold to consumers, which can influence demand and circulation numbers.

Joint Operating Agreement

A contractual agreement among co-venturers specifying the terms and conditions under which a joint venture will operate and the responsibilities and share of each participant.

Marginal Cost

The cost added by producing one additional unit of a good or service, crucial for decision-making in business.