One Explanation for Why Production Costs Tend to Rise as Output

question 41

Multiple Choice

One explanation for why production costs tend to rise as output increases is that producers:

• A) May have to pay overtime wages to workers.
• B) May decide to lay-off workers.
• C) Will pay lower prices for necessary inputs.
• D) Will lower base wages to workers.

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Definitions:

Pleasurable

Providing a sense of gratification or enjoyment.

Boring Parts

Components or segments of a process, presentation, or material that are perceived as uninteresting or mundane.

Empowering Leadership

A leadership style focused on giving team members resources, authority, opportunity, and motivation to help them perform their tasks more autonomously.

Delegating Power

The act of assigning authority and responsibility to others to carry out specific tasks while retaining ultimate responsibility for the outcome.