Figure 12-9 Figure 12-9 Shows Cost and Demand Curves Facing a Profit-Maximizing

question 294

Multiple Choice

Figure 12-9

Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
-Refer to Figure 12-9.At price P₄, the firm would

• A)lose an amount equal to its fixed cost.
• B)make a profit.
• C)lose an amount less than fixed cost.
• D)shut down.

Recognize the ethical considerations in the use of power and influence.

Understand the sources and types of power within an organization.

Recognize the role of discretion in the effectiveness of power.

Identify strategies for increasing personal power and influence in the workplace.