If Price Is Greater Than Average Total Cost for a Perfectly

question 52

Multiple Choice

If price is greater than average total cost for a perfectly competitive firm,________.

• A) average fixed costs must be increasing
• B) the firm is earning positive economic profits
• C) the firm is earning zero economic profits
• D) the firm is realizing economic losses (economic profits are negative)

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Definitions:

Organizational Citizenship Behaviors

Voluntary actions of employees that contribute to the organization but are not part of their formal role obligations.

Management-by-objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Computer Monitoring

The practice of using software tools to track employees' computer usage and productivity at work.

Performance-appraisal Methods

Techniques used by organizations to assess employees' job performance, including methods like 360-degree feedback, self-assessment, and objective-based evaluations.