-Refer to Figure 8-5

question 214

Multiple Choice

-Refer to Figure 8-5. If the market price is $20, what is the average profit at the profit-maximising quantity?

• A) $5
• B) $6
• C) $9
• D) $20

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Definitions:

Expectancy Theory

A motivation theory that suggests an individual’s behavior is determined by their expected outcomes or rewards following such behavior.

Employee Motivation

The level of enthusiasm, willingness, and drive that a company's workers have to carry out their jobs effectively.

P-to-O Expectancies

The belief that exerting a certain amount of effort (performance) will lead to specific outcomes or objectives.

Four-Drive Theory

Four-Drive Theory is a motivational concept suggesting that humans are driven by four basic needs: acquiring, bonding, learning, and defending.