A Marginal Cost Curve

question 338

Multiple Choice

A marginal cost curve

• A) is upward sloping.
• B) shows that as more of a good is produced, opportunity costs of producing another unit increase.
• C) is bowed inward so that its slope can become negative.
• D) Both answers A and B are correct.

---

Definitions:

Directive Management Style

A leadership approach that emphasizes clear instructions, close supervision, and top-down decision-making.

Voice Effect

The influence that the tone, pitch, and speed of one's voice can have on the listener's perception and interpretation of the message being communicated.

Task Leadership

The ability to guide a group towards achieving a specific goal, focusing on the tasks that need to be accomplished.

360-Degree Feedback

A performance appraisal method where employees are evaluated by feedback collected from their supervisors, peers, subordinates, and sometimes clients.