-Refer to Figure 7-14

question 223

Multiple Choice

-Refer to Figure 7-14. What is the combination of inputs that produces 200 gooseberry pies at the lowest cost?

• A) combination e: 10 hours of labour and 48 units of capital
• B) combination f: 40 hours of labour and 24 units of capital
• C) combination g: 60 hours of labour and 14 units of capital
• D) combination h: 60 hours of labour and 9 units of capital

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Definitions:

R&D Consortium

A collaboration among businesses, universities, and/or government agencies aimed at research and development activities.

Diffusion

The way in which an inventive idea is shared through particular routes over a duration among participants of a social group.

Network Forms

Organizational structures characterized by interconnected nodes, allowing for flexible and dynamic interactions among different entities.

Modular Organization

An organizational structure where components are interchangeable and can be easily added, removed, or replaced.