Answer:
b. creation of new products that are essentially free to consumers.
Explanation:
What caused the Measured productivity growth for the United States to have declined following the Great Recession is that the "creation of new products that are essentially free to consumers."
By creating new products that are essentially free for consumers, there is no generated income to raise the nation's productivity growth. The production of free commodities affects GDP negatively and thereby affects the economic development of a country.
Hence, during the Great Recession period, creating new products that are essentially free to consumers caused the measured productivity for the United States to decline.
Answer:
The macro environment represent the different external stakeholders who may be indirectly connected to the company
Explanation:A company macro environment represent the bigger picture within which the company is situated .this may include activities in other industries, government regulations and policies foreign markets,etc
D) Business production is near full capacity and there is little unemployment.
It should be noted that the inefficient allocation if resources is market failure.
<h3>What is market failure? </h3>
It should be noted that market failure simply means the inefficient distribution of goods and services.
Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.
Learn more about market failure on:
brainly.com/question/368647
Answer:
I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.
II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.
Explanation:
Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions
.
Complementary goods (used in fixed proportions) are L shaped always
, In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.
Therefore, Only statements I and II are true.
