Use the Figure Below to Answer the Following Questions

question 101

Multiple Choice

Use the figure below to answer the following questions. Figure 13.2.3
-Refer to Figure 13.2.3.Assume this firm faces demand curve D₂.If the firm produces the efficient quantity,it

• A)makes an economic profit.
• B)makes zero economic profit.
• C)incurs an economic loss.
• D)is in a long-run equilibrium.
• E)will face competition from new firms entering the industry.

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Definitions:

Hygiene Factors

Factors related to job environment that can cause dissatisfaction if absent, such as salary, company policies, and working conditions, according to Herzberg's motivation-hygiene theory.

Job Context

The environment, conditions, and characteristics surrounding a particular job or role.

Job Dissatisfaction

is a negative emotional state resulting from an individual's perception of their work as unsatisfying or not meeting their expectations and needs.

Hygiene Factors

In the context of Herzberg's motivation-hygiene theory, hygiene factors are job conditions that can cause dissatisfaction if missing, such as salary, company policies, and working conditions, but do not necessarily motivate when improved.