Which of the Following Statements About Cost Is Correct

question 94

Multiple Choice

Which of the following statements about cost is correct?

• A) Marginal cost is constant.
• B) Marginal cost is always falling.
• C) Average total cost is U-shaped.
• D) Average total cost always declines.

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Definitions:

Implicit Leadership Theory

A theory that people have implicit beliefs and convictions about the attributes and behaviors that distinguish leaders from non-leaders.

Task-Oriented Leaders

Leaders who focus specifically on getting tasks completed efficiently and effectively, prioritizing the achievement of goals and productivity.

LPC Scores

An assessment in Fiedler's Contingency Theory that measures leadership style based on a leader's least preferred coworker.

Romance of Leadership

The tendency to attribute organizational outcomes, both good and bad, to the actions and decisions of leaders, often overlooking other contributing factors.