$$\begin{array} { c r } \text { Output } & \text { Price } \\1 & \$ 20 \\2 & 18 \\3 & 16 \\4 & 14 \\5 & 12\end{array}$$

question 218

Multiple Choice

$$\begin{array} { c r } \text { Output } & \text { Price } \\1 & \$ 20 \\2 & 18 \\3 & 16 \\4 & 14 \\5 & 12\end{array}$$
-If the marginal cost were $12,how many units of output would this firm produce?

• A)1
• B)2
• C)3
• D)4
• E)5

---

Definitions:

Authority

The right or power assigned to an individual or organization to make decisions, give orders, and enforce obedience.

Traditional View

A perspective or approach that emphasizes historical precedence and the continuity of certain values, practices, and institutions over time.

Organizational Effectiveness

The capability of an organization to achieve its goals efficiently and effectively, maximizing resource utilization for the desired outcomes.

Societal Expectations

The standards and norms that society deems acceptable or desirable, influencing individual behavior and social interactions.