Refer to the Following:
the Capital Stock Is Fixed at 40

question 10

Multiple Choice

Refer to the following:
The capital stock is fixed at 40 units, the price of capital is $15 per unit, and the price of labor is $80 per unit.
$$\begin{array} { c c } \text { units of } & \text { units of } \\\text { Labor } & \text { Output } \\\hline 5 & 40 \\10 & 100 \\15 & 180 \\20 & 220\end{array}$$
-If the firm produces 180 units of output, what is total variable cost?

• A) $1,200
• B) $1,800
• C) $14,400
• D) $17,100
• E) none of the above

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Definitions:

Path-Goal Theory

A leadership theory that suggests a leader's behavior is contingent to the satisfaction, motivation, and performance of her or his subordinates.

Prescriptive

Offering or providing guidelines, rules, or recommendations on how things should be done.

Achievement Behaviors

involve actions aimed at excelling, surpassing goals, and performing at high standards to achieve success.

Perform Their Very Best

This phrase emphasizes the act of individuals giving their utmost effort and achieving the highest level of performance in their tasks or roles.