If the Price of Its Product Just Equals the Average

question 457

Multiple Choice

If the price of its product just equals the average variable cost of production for a competitive firm

• A) total revenue equals total fixed cost and the firm's loss equals total variable cost.
• B) total revenue equals total variable cost and the firm's loss equals total fixed cost.
• C) total fixed cost is zero.
• D) total variable cost equals total fixed cost.

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Definitions:

Organizational Citizenship Behavior

Voluntary and discretionary behaviors not directly or explicitly recognized by the formal reward system that promote the effective functioning of the organization.

Amotivation

A state of no motivation.

Face-To-Face Interactions

Direct, in-person communication between individuals, offering immediate feedback and nonverbal cues.

Flow

A mental state of complete immersion and involvement in an activity, where time seems to disappear and performance is heightened.