If the Price of Dynamite Drops to $10, Should Acme

question 137

Multiple Choice

If the price of dynamite drops to $10, should Acme Dynamite continue to operate in the short run?

• A)No, because price is less than average total cost
• B)Yes, because price is less than average variable cost
• C)No, because price is not greater than average total cost
• D)Yes, because price is greater than average variable cost

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Definitions:

Positive Organizational Politics

Activities within an organization that are aimed at improving personal or group reputation or interests in a way that also benefits the organization.

Views About Power

The perspectives and beliefs individuals or groups hold regarding the distribution, use, and impact of power within various contexts.

Political Processes

The methods and procedures through which political activities, decisions, and policies are debated, formulated, and implemented.

Organizational Adaptation

The process by which organizations adjust and evolve in response to changes in their external environment.