To Produce 150 Units of Output,the Firm Must Use 3

question 26

Multiple Choice

To produce 150 units of output,the firm must use 3 employee-hours.To produce 300 units of output,the firm must use 8 employee-hours.Apparently,the firm is:

• A)in the long run.
• B)experiencing diminishing marginal returns.
• C)not using any fixed factors of production.
• D)failing to profit maximize.

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Definitions:

Directive Style

A leadership approach where clear and precise instructions are given to subordinates, leaving little room for autonomy or decision-making by followers.

Supportive Style

A leadership approach that focuses on building trust, encouragement, and empathy to support team members' needs and well-being.

Lack Motivation

A state or condition in which there is a deficiency of desire or interest to take action or pursue goals.

Some Ability

A nonspecific level of competence or skill in a certain area, indicating that an individual has a certain level of capability but it is not quantified.