Organizations tend to focus on the creation of one type of value but not both because organizations do believe that the social value created by any organization has equal importance as their economic value. Due to this organizations believe that the creation of any value either the social value or economic value is enough.
Social value means the enhancement of the people and their lives by the combination of different resources.
Economic value means the creation of money or value in any economy by the organization.
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Answer:
Explanation:
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Answer:
The answer is: D) slopes upward to the right due to short-run fixed costs of production.
Explanation:
In the short run, companies have fixed factors of production: prices, wages, and capital. In the short run, aggregate supply curve shows the correlation between the price level and output (normal supply curve). Only in case of a production increase due to technological improvements or other factors (decreasing input prices, etc), may the aggregate supply curve shift outward.
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