If the Average Total Cost of Supplying a Good Exceeds

question 70

Multiple Choice

If the average total cost of supplying a good exceeds the price at which the good can be sold, then entrepreneurs have:

• A) an incentive to supply the good.
• B) no incentive to supply the good.
• C) an incentive to supply only a small amount of the good.
• D) an incentive to raise the average total cost of producing the good.

---

Definitions:

Job Characteristics Model

A theory that suggests jobs should be designed to have five key characteristics (skill variety, task identity, task significance, autonomy, and feedback) to increase employee motivation.

Extend

To increase in scope, range, or duration.

Expend Effort

The process of using energy or resources towards accomplishing a task or goal.

Workload

The amount of work assigned to or expected to be completed by an individual or team.