Table 81 Table 8

question 166

Multiple Choice

Table 8.1 Table 8.1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases.Assume that output can only be increased in batches of 100 units.
-Refer to Table 8.1.Suppose the fixed cost of production rises by $500 and the price per unit is still $8.What happens to the firm's profit-maximising output level?

• A)It must fall.
• B)It must rise to offset the increased cost.
• C)It will remain the same.
• D)The firm will shut down.

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Definitions:

Decision Quality

The extent to which a decision meets the desired objectives and is made based on relevant information and sound reasoning.

Manager's Position

The role held by an individual who is responsible for directing and overseeing the work of a group of people in an organization.

Employee Empowerment

Practices aimed at giving employees more autonomy, authority, and control over their work and decision-making processes.

Empowering Behaviors

Actions that enhance the sense of autonomy, efficacy, and influence within individuals or groups, often leading to increased motivation and performance.