-The Figure Above Shows a Firm in a Perfectly Competitive

question 61

Multiple Choice

-The figure above shows a firm in a perfectly competitive market. If the price rises from P₃ to P₄ then output will increase by

• A) 0 units.
• B) 1 unit.
• C) 2 units.
• D) 3 units.

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Definitions:

Expectancy Theory

A motivational theory suggesting that people will choose how to behave based on their expectations that certain actions will lead to desired outcomes.

Motivational Perspective

An approach focusing on understanding what drives people to achieve goals, perform tasks, and engage in behaviors.

Staffing Process

The series of steps an organization follows to attract, select, train, and retain employees.

Abilities Fit

The degree to which an individual’s capabilities, strengths, and skills align with their job requirements or organizational roles.