The Location of the Supply Curve of a Product Depends

question 10

Multiple Choice

The location of the supply curve of a product depends on:

• A) the technology used to produce it.
• B) the prices of resources used in its production.
• C) the number of sellers in the market.
• D) all of these.

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Definitions:

Communicative Skills

The ability to convey or exchange information effectively, whether through speaking, writing, or another form of communication.

Managerial Responsibility

The obligation of managers to make decisions and oversee an organization's resources and operations in an ethical, effective, and lawful manner.

Technical Skills

refer to the abilities and knowledge needed to perform specific tasks, often involving mechanical, informational, or scientific tasks.