If there's upward pressure on price, there would be an increase in the quantity supplied.
<h3>What the relationship between price and the quantity supplied?</h3>
There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.
The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied. This postulation is in line with the law of supply.
To learn more about the law of supply, please check: brainly.com/question/26374465
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I belive this is Undervaluing asserts.
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This is true. Researchers suggest that ineffective reward and recognition strategies are factors responsible for the failures.
<h3>
What are global teams?</h3>
These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.
By different places, we mean they are from different nations and their cultural backgrounds differ.
Read more on global teams here: brainly.com/question/5392895
Answer:
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Answer:
The producer is experiencing diminishing marginal product.
Explanation:
The law of diminishing return explains that every additional unit consumed will have less utility/return than the previous one. Same is the case with labor productivity. The first unit of labor will yield maximum return, every additional unit will result in lesser return/productivity than the previous unit. The will continue up to the point of maximum return. After that point adding additional resources will yield less total output.
