Refer to the Figure Above

question 9

Multiple Choice

Refer to the figure above.What is the price elasticity of supply between points A and B above?

• A) -1
• B) 1/3
• C) 1
• D) 2 The change in quantity is (12 - 6)/(12 + 6)= 0.33 and the change in price is (4 - 2)/(4 + 2)= 0.33.Thus,the elasticity is 0.33/0.33 = 1.0.

Identify the role of political behavior in organizational dynamics.

Recognize common political tactics used within organizations.

Acknowledge the beneficial and harmful effects of political behaviors on organizational outcomes.

Understand how leaders can influence organizational culture and employee behavior through power sources.

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Definitions:

Marginal Cost

Marginal cost is the additional cost incurred in producing one more unit of a good or service, crucial for decision-making in production processes.

Advertising Fee

An advertising fee is a charge that may be levied by franchises, cooperatives, or other entities to fund promotional activities and advertising campaigns on behalf of a collective group.

Unauthorized Practice of Law

Engaging in legal work or giving legal advice by someone not licensed to practice law.

Prohibition

Refers to the legal act of forbidding something, often used historically to describe the period when the sale, manufacture, and transportation of alcohol were banned.