Technology Reduces the Average Cost of Production,so in the Long

question 124

Multiple Choice

Technology reduces the average cost of production,so in the long run
i.perfectly competitive firms produce at a lower average cost.
ii.the market price of the good falls.
iii.firms with older plants either exit the market or adopt the new technology.

• A) i only.
• B) i and ii.
• C) iii only.
• D) i and iii.
• E) i, ii, and iii.

Understand the attributes and behaviors of authentic leadership.

Recognize the components and practices of transactional leadership.

Distinguish between authentic, transactional, and transformational leadership models.

Identify how leaders influence follower performance and self-esteem through various leadership practices.

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Definitions:

Agreeableness

A personality trait characterized by being kind, empathetic, cooperative, and considerate of others.

Conscientiousness

A personality trait characterized by organization, responsibility, and dependability.

Psychodynamic Theories

All the diverse theories descended from the work of Sigmund Freud that focus on unconscious mental forces.

Basic Personality Traits

Refer to the essential characteristics that form the foundation of an individual’s personality.