You Have Been with Your Company and Department So Long

question 50

Short Answer

You have been with your company and department so long that every aspect of the operations and equipment is well known to you. A new machine has just been brought into your department and you are the only one who has quickly mastered its application, and everyone is dependent on you for its use. Which of the following follower influencing characteristics are you exercising? a. relative power position
b. locus of coitrol
c. education and experience

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Definitions:

TVC

Total Variable Costs, which refer to costs that change in proportion to the level of output or activity in a business.

MC

Marginal Cost refers to the additional total cost incurred from the production of one more unit of a product or service.

Marginal Costs

Marginal Costs represent the change in total cost that arises from producing one additional unit of a good or service.

Average Variable Costs

The cost per unit of variable inputs divided by the total output, indicative of the average amount spent on variable costs per unit of output produced.