-The Table Above Shows Output and Costs of Evan's Subs

question 64

Multiple Choice

-The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. If the market price does not change, Evan's will

• A) continue to operate in the short run, but will exit the industry in the long run.
• B) continue to operate in the short run and in the long run.
• C) shut down.
• D) increase its production in the long run.

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Definitions:

Path-Goal Leadership

A theory that leaders can affect followers' satisfaction and performance by clarifying paths to goals and removing obstacles.

Management Training Programs

Management training programs are educational courses or workshops designed to improve the skills, knowledge, and competencies of managers and potential leaders within an organization.

Criticism

The act of expressing disapproval or pointing out the faults or shortcomings in someone or something, often with the intention of eliciting change or improvement.

Path-Goal Theory

A leadership theory that assesses how leaders can motivate their followers by defining and clarifying paths to achieving goals, along with removing obstacles along the way.