When Downsizing, All of the Following Can Help Smooth the Downsizing

question 23

Multiple Choice

When downsizing, all of the following can help smooth the downsizing process and ease tensions for employees who leave and remain except:

• A) help the survivors thrive.
• B) communicate more, not less.
• C) provide assistance to displaced workers.
• D) let workers deal with the situation on their own and in their own ways.

Explain the significance of price-taking firms not minimizing costs in their production decisions.

Understand the economic implications of firms exiting an industry due to decreased demand.

Explain how and why the marginal cost curve is relevant to production decisions.

Evaluate the relevance and application of the competitive price-taker model in understanding market dynamics.