Suppose Bright Orange Is Large Firm That Grows and Harvests

question 74

Multiple Choice

Suppose Bright Orange is large firm that grows and harvests oranges. Each orange yields 2 ounces of orange juice and exactly one orange peel. The market for oranges is perfectly competitive and Bright Orange sells the orange juice to juice distributors and the orange peels to fragrance companies. At a quantity of 400,000 oranges, juice distributors will pay $0.04 per ounce of orange juice and fragrance companies will pay $0.15 per orange peel. At the quantity of 400,000 oranges, what is the market equilibrium price of an orange?

• A)$0.23
• B)$0.19
• C)$0.25
• D)$0.11

Understand the ABC model of attitudes and its components: affective, behavioral, and cognitive.

Identify and explain the processes and effects of cognitive dissonance on attitudes and behaviors.

Recognize how attitudes are formed through social learning and direct experiences.

Understand the relationship between attitudes and behaviors, including the impact of attitude specificity, social constraints, and job satisfaction.

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Definitions:

Personal Power

The influence and authority an individual possesses within an organization or group, derived from personal attributes or relationships rather than formal positions.

Legitimate Power

The authority granted to individuals in leadership positions as a part of their role, allowing them to influence others.

Organisational Position

A role or rank within a structure that defines job duties, responsibilities, and the level of authority.

Special Assignments

Tasks or projects assigned to an individual or group that fall outside their regular duties, often requiring special skills or knowledge.