For a Given Market Price,a Competitive Firm's Average- Revenue Curve

question 38

Multiple Choice

For a given market price,a competitive firm's average- revenue curve

• A)is a straight line that coincides with the market demand curve.
• B)is the same as the firm's TR curve.
• C)is a positively sloped straight line,starting from the origin.
• D)increases to the right and then declines when MC = MR.
• E)is the same as the firm's demand curve.

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Definitions:

Pygmalion Effect

Proposes that leaders’ expectations of followers, and their treatment of them, explain and predict followers’ behavior and performance.

Golem Effect

Loss in performance due to low leader expectations.

Zeigarnik Effect

Deterioration of morale and performance when tasks begun are not completed, which can be prevented by assigning whole tasks and allowing sufficient time for completion.

Glass-Ceiling Effect

A metaphorical barrier that prevents certain groups, often women and minorities, from advancing beyond a certain level in hierarchies, particularly in corporate settings.