For a Certain Firm, the 100th Unit of Output That

question 220

Multiple Choice

For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10. It follows that the

• A)production of the 100th unit of output increases the firm's profit by $1.
• B)production of the 100th unit of output increases the firm's average total cost by $1.
• C)firm's profit-maximizing level of output is less than 100 units.
• D)production of the 101st unit of output must increase the firm's profit by more than $1.

Recognize the role of vertical loading and job enrichment strategies in enhancing job design.

Acknowledge the influence of cultural differences on employee motivation and team composition.

Understand the concept of equity in the workplace and how it affects employee motivation.

Grasp the importance of competencies for team leadership and performance.

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Definitions:

Proposed Ergonomics

Suggested improvements or changes to a workspace or product design aimed at enhancing efficiency and reducing discomfort or risk of injury.

Industrial Regulation

Government policies and rules governing the operations of specific industries to ensure fair competition, consumer protection, and to prevent monopolies.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Antitrust Legislation

Laws aimed at promoting competition and preventing monopolies by regulating corporate behaviors that limit market competition.