If a Firm Spends $400 to Produce 20 Units of Output

question 65

Multiple Choice

If a firm spends $400 to produce 20 units of output and spends $880 to produce 40 units, then between 20 and 40 units of output, the marginal cost of production is:

• A)$20.
• B)$24.
• C)$22.
• D)$480.

Recognize the role of ethics training in promoting ethical behavior within organizations.

Understand the impact of pressure to achieve goals on ethical behavior.

Comprehend the leadership beliefs that guide socially responsible organizational practices.

Identify criteria for evaluating socially responsible corporate behavior.

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Definitions:

Path-goal

A leadership theory that suggests leaders can adjust their behavior and strategies to satisfy their followers' needs, thereby enhancing performance and satisfaction.

Situational Approach

A leadership model suggesting that the most effective leadership style varies according to the situation or context.

Leader Behaviors

Actions and attitudes displayed by leaders that influence their group's performance, morale, and effectiveness.

Expectancy Theory

A motivational theory suggesting that individuals are likely to act in a certain way based on the expectation that the act will be followed by a desired outcome.