-Refer to the Graph Above to Answer This Question

question 112

Multiple Choice

-Refer to the graph above to answer this question.All of the following statements except one are correct.Which is the exception?

• A)Plant 1 has excess capacity at output level Q₁.
• B)Output level Q₃ is economic capacity for plant size 1.
• C)Output level Q₃ can be produced for the same cost in plant 1 and in plant 2.
• D)Plant 2 achieves minimum efficient scale.
• E)Increasing returns to scale are experienced when output is increased from Q₁ to Q₄.

---

Definitions:

Job Satisfaction

A measure of how content an individual is with their job, encompassing a variety of factors such as work environment, role clarity, and the nature of the work itself.

Edwin Locke

An American psychologist known for pioneering goal-setting theory and its applications in organizational psychology.

Appraising Job Experiences

The process of evaluating and reflecting on one's experiences in the workplace, often to assess satisfaction, performance, and career development opportunities.

Virtual Team

A group of individuals who work together from various geographic locations and rely on communication technology.