Which of the Following Is NOT an Explanation for the Slow

question 2

Multiple Choice

Which of the following is NOT an explanation for the slow adoption-rate puzzle?

• A) Reorganization is a costly experiment.
• B) Some firms may not benefit from the introduction of new techniques.
• C) There are opportunity costs to being an early adopter.
• D) Firms are unsure about the viability of new ideas when they are untested.
• E) Ideas that are worth implementing are created at a slow rate.

Understand the principle of profit maximization for a perfectly competitive firm and the primary decision-making focus.

Assess the dynamics between marginal cost and average cost curves and their intersections.

Understand that AFC curve behavior and its impact on AC as output changes.

Understand sentence structure and differentiate between active and passive voice.

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Definitions:

Age of Majority

The legal age at which an individual is considered an adult and responsible for his or her own actions, varying by jurisdiction.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, recognizing that the person has the requisite age and mental capability to understand and agree to the terms.

Mental Ability

Refers to the capacity to perform cognitive tasks, understand complex ideas, learn from experience, apply logic and reason, and adapt to new situations.

Voidable

Voidable refers to a legal term indicating that a contract or agreement is valid and enforceable but can be annulled by one party due to certain circumstances, such as misrepresentation or duress.