If a Price-Searcher Firm Can Sell Nine Units at a Price

question 102

Multiple Choice

If a price-searcher firm can sell nine units at a price of $20, or it can sell ten units at a price of $17, what is the marginal revenue of the tenth unit?

• A) − $10
• B) $10
• C) $17
• D) $20

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Definitions:

Situational Leadership Model

A leadership approach that proposes the effectiveness of leadership styles varies depending on the readiness and competence of followers.

Telling Style

A leadership approach characterized by explicitly instructing subordinates on what to do and how to do it without seeking their input.

Contingency Approaches

Management theories suggesting that the best way to deal with certain situations is dependent on the specific circumstances.

Leadership Style

Refers to the manner and approach of providing direction, implementing plans, and motivating people within an organization or team.