Aiden wants to find a way to cut back on labor and reduce his company's investment in tools and space, because he believes his firm uses more of all types of resources than is necessary. It seems that Aiden would like to adopt?

Question

Social Studies

Anabella Whitney

19 July, 08:16

Aiden wants to find a way to cut back on labor and reduce his company's investment in tools and space, because he believes his firm uses more of all types of resources than is necessary. It seems that Aiden would like to adopt?

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Answers (1)

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Kayley Cabrera · Answer 1

The ceteris paribus assumption

Explanation:

The ceteris paribus assumption describes the way in which a good or service offered by the company increases in demand independently of the fact that the budget for its production has been lowered, as in this case Aiden wants to decrease investment in tools and space. Nevertheless, he expects that the market stays in a balance and no to go down.