Answer: knowledge management
Explanation:
Based on the information given, knowledge management would be used to harness this intellect.
Knowledge management simply has to do with the creation, and management of information and knowledge for an organization so that the organization's objectives can be achieved.
Answer:
The correct answer is option c.
Explanation:
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.
The price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the lower price.
A competitive firm will produce at the point where the marginal cost is equal to price. When the price is lowered the firm will produce at a point with lower marginal cost.
It will thus produce lesser output than what it was producing earlier. So the quantity of output will be lower than previously.
Answer:
Business marketing is the correct answer.
Explanation:
Answer:
2 Labor
Explanation:
Given:
Number of capital (Printing machine) input = 3
Number of Labor input = 5
MRTS = 0.5
Additional Capital (Printing machine) = 1
Change in Labor = ?
Computation of change in Labor input:
MRTS = Change in Capital input / Change in Labor input
0.5 = 1 (Additional machine) / Change In Labor input
Change in Labor Input = 1 / 0.5
Change in Labor Input = 2 labor
Answer:
An increase in price almost always leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied. The law of supply assumes that all other variables that affect supply are held constant
Explanation:
