The Table Below Provides Information on Output Per Month and Short-Run

question 123

Multiple Choice

The table below provides information on output per month and short-run costs for a firm producing outdoor wooden lounge chairs.All costs are in dollars.
TABLE 7-5
-Refer to Table 7-5.What is the average variable cost of producing 20 chairs?

• A)$22
• B)$23
• C)$260
• D)$460
• E)$13

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Definitions:

Administrative Leadership Approaches

Methods or strategies used by leaders in organizational settings to influence and direct the management and administration processes.

Supportive Leadership

A leadership style that emphasizes support, encouragement, and empowerment of employees to achieve organizational goals.

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in followers' abilities to meet high standards.

Directive Leadership

A leadership style where the leader gives explicit guidelines and directions on what is to be done and how.