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Use the Figure Below to Answer the Following Questions

question 54

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 2.2.1 -In Figure 2.2.1,when 4,000 bicycles are produced each month A) the marginal benefit from another bicycle is greater than the marginal cost of another bicycle. B) more bicycles must be produced to reach the efficient level of output. C) fewer bicycles must be produced to reach the efficient level of output. D) the economy is very efficient at this level of production of bicycles. E) both A and B.
Figure 2.2.1
-In Figure 2.2.1,when 4,000 bicycles are produced each month

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Definitions:

Span Of Control

The number of subordinates that a manager or leader can directly manage effectively.

Hierarchical

Organized in a way that groups or ranks people, tasks, or organizations in levels of importance or authority from the highest to the lowest.

Supervision

The action or process of watching and directing what someone does or how something is done, typically in a professional setting.

Bureaucratic

Referring to a system of administration marked by strict policies, procedures, and hierarchy, often leading to delays and inflexibility.

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