Which of the Following Expressions Is Correct for a Competitive

question 154

Multiple Choice

Which of the following expressions is correct for a competitive firm?

• A)profit = (quantity of output) x (price - average total cost)
• B)marginal revenue = (change in total revenue)/(quantity of output)
• C)average total cost = total variable cost/quantity of output
• D)average revenue = (marginal revenue) x (quantity of output)

Comprehend the interconnectedness of organizational members and their roles.

Differentiate between various forms of organizational control and their implications.

Assess the significance of control in contemporary organizational settings.

Understand the evolution of employee autonomy and control mechanisms in response to shifts in societal values and workplace dynamics.

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Definitions:

Ethics

Ethics is the branch of philosophy dealing with moral principles that govern a person's behavior or the conducting of an activity.

Social Responsibility Initiatives

Programs or actions taken by a company to benefit society, including charitable efforts, sustainability projects, and ethical business practices.

Corporate Social Performance

How a company manages its social responsibilities, impacting stakeholders and contributing to sustainable development.

Virtuous Circle

A chain of positive events that reinforce themselves through a feedback loop, leading to further beneficial outcomes.