Profit Per Unit Is Equal to

question 95

Multiple Choice

Profit per unit is equal to

• A)Price divided by average total cost.
• B)Price minus average total cost.
• C)Total revenue minus total cost.
• D)Total revenue minus variable cost divided by quantity.

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Definitions:

Deindividuation

A state of reduced individuality, reduced self-awareness, and reduced attention to personal standards; this phenomenon may occur when people are part of a group.

Groupthink

A psychological phenomenon where a group's desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Loafing

The tendency for people to work less hard in a group than when working alone.

Group Polarization

The tendency of a group to make decisions that are more extreme than the initial inclination of its members.