Say at the Current Output Level Marginal Costs = $20

question 30

Multiple Choice

Say at the current output level marginal costs = $20 and the average total cost = $10. From this information we know that the

• A)marginal costs are increasing.
• B)average total costs are increasing.
• C)average total costs are decreasing.
• D)marginal costs are decreasing.

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Definitions:

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people within an organizational context.

Contingency Variable

An external variable whose variation can influence the relationship between other variables in a study or model.

Task-oriented Leaders

Leaders who focus primarily on the completion of tasks and objectives rather than on the personal needs of team members.

Situational Favourableness

The extent to which a particular situation is perceived as beneficial, opportune, or advantageous.