The Figure Given Below Represents a Perfectly Competitive Market in Long-Run

question 62

Multiple Choice

The figure given below represents a perfectly competitive market in long-run equilibrium.LRS represents the long-run supply curve of this market with demand (D) and price $50.When two large firms merge, output declines to 400 units and per unit production cost drops to $30.


-Refer to Figure.What is the net benefit of the merger?

• A)$8,000
• B)$2,400
• C)$7,400
• D)$600

Describe the implications of classical and bureaucratic management theories on worker productivity and psychological well-being.

Understand the role of management practices in promoting self-actualization and addressing employee needs.

Distinguish between different management theories (e.g., Theory X, Theory Y, scientific management) and their approaches to employee motivation and control.

Analyze the relevance of behavioural management approaches to effective leadership and employee satisfaction.

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Definitions:

AFL

Stands for the American Federation of Labor, a national federation of labor unions in the United States, founded in 1886, and known for focusing on skilled workers.

Union Federation

An organization that represents multiple labor unions, coordinating their actions and policies at a regional, national, or international level.

Great Uprising

Refers to significant or notable revolts, rebellions, or movements, often related to worker or social uprising seeking rights or reforms.

Labor-Management Relations

The interactions between employees, often represented by unions, and employers, focusing on negotiating wages, work conditions, and other aspects of workers' compensation and rights.