For Productive Efficiency to Hold

question 209

Multiple Choice

For productive efficiency to hold

• A)price must equal the marginal cost of the last unit produced.
• B)price must equal marginal revenue of the last unit sold.
• C)average variable cost is minimized in production.
• D)average total cost is minimized in production.

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Definitions:

Affective Component

The emotional aspect of attitudes, which describes how people feel about something.

Specific Feelings

Distinct emotional responses to certain stimuli, which can be clearly identified and described.

Emotional Dissonance

The conflict or inconsistency between the emotions people feel and the emotions they project or are expected to display.

Affective Events Theory

A psychological model that explains how workplace events cause emotional reactions, which in turn can influence employees' job performance and satisfaction.