A Student Emails an Instructor with an Entire Life Story

question 83

Multiple Choice

A student emails an instructor with an entire life story of why assignments are being turned in late. The instructor suspects that the student simply lacks motivation. Which of the following is the BEST option for the instructor?

• A) Sympathize with the student and explain why late assignments cannot be accepted.
• B) Give the student extended time to complete the missing assignments.
• C) Refer the student to the school's Student Services department.
• D) Promise the student extra credit points for each assignment turned in on time.

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Definitions:

Profit-Maximizing

A strategic goal of firms to achieve the highest possible profit given their costs of production and market demand.

Fixed Costs

Expenses that do not vary with the level of output, such as rent, salaries, and loan payments.

Monopolistically Competitive

A market structure characterized by many firms offering products that are similar but not identical, leading to differentiated competition.

Total Revenue

The entirety of income a company secures from its sales or service activities over a certain period.