Refer to the Following

question 63

Multiple Choice

Refer to the following:
"At Huffy's ... bicycle factory, 1,700 employees turn out 15,000 bicycles a day (in 1987) . Five years ago, it required 2,200 workers to make 10,000 bikes daily." (The Wall Street Journal) .
-Holding all else equal, we can conclude that, over the past five years,

• A) Huffy's average variable cost decreased.
• B) Huffy's average variable cost increased.
• C) Huffy's marginal cost decreased.
• D) Huffy's marginal cost increased.
• E) both a and c

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Definitions:

Emotional Labor

The management of one's emotions to display the appropriate feelings for a job, often seen in service-oriented professions.

Job Demands

The range of physical, mental, social, and organizational aspects of a job that require sustained effort and skills.

Hypothetical Constructs

Abstract concepts or theories that are utilized to describe or explain behaviors and phenomena, but which are not directly observable.

Attitudes

A learned tendency to evaluate things in a certain way, which can include people, issues, objects, or events.