Use the Following to Answer Questions

question 70

Multiple Choice

Use the following to answer questions:
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $20, how much is Sergei's profit at the optimal short-run output?

• A) $100
• B) $0
• C) -$5
• D) -$10

---

Definitions:

Reward Power

The capability to offer something desirable as a means of influencing others' actions or decisions.

Legitimate Power

Power that is officially recognized and derived from a position of authority within an organization or society.

Referent Power

A form of power that stems from being admired or respected, often because of personality, skills, or relationships.

Expert Power

The ability to influence others based on the perception of an individual's expertise or knowledge in a specific area.