A Competitive Firm Produces Output Using Three Fixed Factors and One

question 30

Multiple Choice

A competitive firm produces output using three fixed factors and one variable factor.The firm's short-run production function is q = 305x - 2x², where x is the amount of variable factor used.The price of the output is $2 per unit and the price of the variable factor is $10 per unit.In the short run, how many units of x should the firm use?

• A)37
• B)150
• C)21
• D)75
• E)None of the above.

Distinguish between follower needs and the appropriate leadership response according to Path-Goal Theory.

Comprehend the role of situation factors (task structure, follower capability) in determining the most effective leadership style.

Analyze the effectiveness of Path-Goal Theory in various organizational contexts.

Evaluate the strengths and limitations of Path-Goal Theory, including its practical application and empirical support.

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Definitions:

Debtor To Creditor

A financial ratio that compares the amount of debt a company owes to the amount it owes to creditors; often used to evaluate a company's financial leverage.

Yield To Call

The yield to call is the return an investor would receive if they held a bond until its call date, when the issuer has the option to repay the bond before its maturity date at a specified price.

Nominal Yield

The yearly interest income from a bond or fixed-income security, expressed as a percentage of the bond's face value.

Semiannually

Occurring twice a year, typically every six months.