Consider Two Resource Markets,A and B,where the Demand Curves for the Resources

question 5

Multiple Choice

Consider two resource markets,A and B,where the demand curves for the resources slope downward.The supply curve of resource A is horizontal,and the supply curve of resource B is vertical.In market A,the equilibrium price is $6,and the equilibrium quantity is 100 units.In market B,the equilibrium price is $20,and the equilibrium quantity is 30 units.Which of the following is true?

• A)All of the resource earnings in market A are opportunity costs.
• B)All of the resource earnings in both markets are opportunity costs.
• C)All of the resource earnings in market B are opportunity costs.
• D)None of the resource earnings in either market are an opportunity cost.
• E)None of the resource earnings in either market are economic rent.

Understand the impact of body language and nonverbal signals in workplace communication.

Recognize the role and accuracy of informal communication channels such as the grapevine in organizational contexts.

Identify strategies for effective internal communication within organizations.

Appreciate the implications of digital and mobile technologies on workplace communication and productivity.

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Definitions:

Acetylcholine

A neurotransmitter that plays a role in muscle movement and various brain functions.

Norepinephrine

Neurotransmitter substance released from most of the postganglionic neurons of the sympathetic division; hormone released from the adrenal cortex that increases cardiac output and blood glucose levels; also called noradrenaline.

Myenteric Plexus

A network of neurons located between the layers of the gastrointestinal tract, playing a crucial role in the regulation of digestive tract motility.

Interstitial Cells

Cells located amongst the tissues of an organ, often referring to cells in the testes and ovaries that produce hormones.