Use the Information Below to Answer the Following Questions

question 88

Multiple Choice

Use the information below to answer the following questions.
Fact 11.2.1 GM to Cut Production and Jobs
General Motors will temporarily idle five U.S.assembly plants that build sedans and coupes,such as the Chevrolet Cruze,Cadillac CTS,and Chevy Camaro,as American motorists by the millions shift from passenger cars to utility vehicles and other light trucks.
Source: The Toronto Star,December 21,2016
-Refer to Fact 11.2.1.The shutdown decision maximizes GM's economic profit (or minimizes its loss) when price is less than

• A)average variable cost.
• B)total variable cost.
• C)average fixed cost.
• D)total fixed cost.
• E)average total cost.

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Definitions:

Human Capital Challenges

Issues related to managing and developing an organization's employees in order to maximize their value and productivity.

Leadership Capacity

The capability of an individual or organization to lead, influence, and support others towards achieving common goals.

Labour Cost Containment

Strategies employed by organizations to control or reduce labor expenses without negatively impacting employee performance or morale.

Capacity to Innovate

The potential or ability of an organization or individual to develop new ideas, solutions, or products that can contribute to growth or improvement.