Use the Figure to Answer the Following Question(s)

question 155

Multiple Choice

Use the figure to answer the following question(s) .
Figure 9-5

If the market price in Figure 9-5 fell to $2.50, what should the firm do?

• A) raise its price
• B) shut down and wait for conditions to improve
• C) continue operating in the short run if it expects conditions to improve
• D) go out of business immediately

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Definitions:

Nonverbal Communication

The process of conveying a message without the use of words, through gestures, facial expressions, body language, and other forms of physical behavior.

Personal Space

The physical area surrounding someone, which they regard as psychologically theirs; intrusion into this space can result in discomfort, anger, or anxiety.

Rude

Displaying a lack of courtesy or respect for others; impolite behavior.

Considerate

Showing careful thought, especially towards the feelings and needs of others.