Graphically,what Is the Effect of Technological Change

question 75

Multiple Choice

Graphically,what is the effect of technological change?

• A)The long-run average cost curve will shift down,but the short-run curves will not change.
• B)Both the long-run and short-run average cost curves will shift down.
• C)The long-run average cost curve will shift up,but the short-run curves will not change.
• D)Both the long-run and short-run average cost curves will shift up.
• E)It will reduce the size of the average firm.

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Definitions:

Ethical Leadership

Leadership that is directed by respect for ethical beliefs and values, and for the dignity and rights of others.

Ethical Followership

Involves supporting leaders in making ethical decisions and acting with integrity while challenging unethical behavior.

Moral Development

The growth in an individual's understanding, reasoning, and application of ethics over time.

Obedience

The act of following commands or instructions from authority, often studied in psychology.