If the Price of an Input Falls,a Firm Would Increase

question 11

Multiple Choice

If the price of an input falls,a firm would increase the use of that input for two reasons:

• A)The input is now more productive,and the firm can substitute this input for other relatively more expensive inputs.
• B)The input is now more productive,and overall production costs are now lower,meaning a firm may choose to increase production.
• C)Overall production costs are now lower and the firm can substitute this input for other relatively more expensive inputs.
• D)Overall production costs are now lower and the firm will have more of other inputs to use with the one in question.

Recognize the strategic planning involved in group sales presentations.

Identify the steps involved in the problem-solution sales presentation method.

Appreciate the role of customization and flexibility in sales presentations for complex products or services.

Understand how to effectively compare and contrast situations or products using analogies and metaphors.

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Definitions:

Aggressive Motivation

The inner drive that stimulates an organism to pursue goals or behaviors that are assertive, forceful, or potentially harmful to others.

Sexual Motivation

The driving force behind thoughts, feelings, and behaviors related to sexuality.

Ethologists

Scientists who study animal behavior in natural environments.

Language

A system of symbols, signs, sounds, and rules used by humans to communicate thoughts, emotions, and information to others.