If Two Inputs Are Gross Substitutes,their Substitution Elasticity Will Be

question 25

Multiple Choice

If two inputs are gross substitutes,their substitution elasticity will be

• A) zero.
• B) positive.
• C) negative.
• D) - 1.
• E) 1.

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Definitions:

Implementation

The part of the entrepreneurial process that occurs when the organization is formed.

Entrepreneurial Process

It involves identifying a business opportunity, developing resources, and managing the business to achieve objectives.

Triggering Event

A specific event or occurrence that sparks the entrepreneur to proceed from thinking to doing.

Entrepreneurship Process

The stage of a business’s life that involves innovation, a triggering event, and implementation of the business.