Refer to the Figure Below

question 50

Multiple Choice

Refer to the figure below. If this firm is a price taker and the price of each unit of output is $10, then this firm should:

• A)produce 45 units of output.
• B)shut down in the short run.
• C)raise its price to increase its revenue.
• D)lower its output to decrease its marginal cost.

---

Definitions:

Corporate Culture

Corporate culture refers to the beliefs, behaviors, and values that determine how a company's employees and management interact and handle outside business transactions, fundamentally affecting a company's internal environment and brand image.

Empowered Employees

Workers who are given the authority, capability, and encouragement to make decisions and contribute to the company's success.

Positive Publicity

Favorable exposure in the media or public domain that enhances the public image or reputation of an individual or organization.

Employee Relations

An area of human resources management concerned with maintaining positive, productive, and ethical relationships between employers and their employees.