Figure 73 Alt Text for Figure 7

question 211

Multiple Choice

Figure 7.3 Alt text for Figure 7.3: In figure 7.3, a graph, comparing capital per hour worked and real GDP per hour worked.
Long description for Figure 7.3: The x-axis is labelled, capital per hour worked, K/L.The y-axis is labelled, real GDP per hour worked, Y/L.2 concave curves originating from 0 at the vertex are shown.5 points A ($50000, $15000) , B ($60000, $16000) , C ($70000, $16400) , D ($80000, $16500) , and E ($60000, $17000) are plotted.The curve labelled Production function 1, passes through points A, B, C, and D.The curve labelled Production function 2, passes through point E.These 5 points are connected to their respective coordinates on the x and y-axis with dotted lines.
-Refer to Figure 7.3.Which of the following would cause an economy to move from a point like A in the figure above to a point like B?

• A)an improvement in technology
• B)a decrease in capital per hour worked
• C)an increase in capital per hour worked
• D)a technological regression
• E)a rise in the population

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Definitions:

Organic Structure

An organizational configuration that is flexible, decentralized, and has low levels of formalization, allowing it to adapt quickly to changes.

Divisionalized Structure

An organizational layout where operations are grouped into autonomous divisions based on products, services, or markets.

Dynamic Environment

An environment that undergoes rapid and unpredictable changes, requiring organizations or individuals to adapt quickly.

Core Competencies

are the unique capabilities or advantages that give an organization a competitive edge in the market.