Use the Following to Answer Questions

question 99

Multiple Choice

Use the following to answer questions:
-(Table: Value of the Marginal Product of Labor and Demand) In the figure Value of the Marginal Product of Labor and Demand, the total product of labor is shown for the hourly production of power cords. Assume that the market for power cords is perfectly competitive. If the price of a power cord is $2 and the wage rate is $90 per hour, the profit-maximizing quantity of labor is _____ workers.

• A) zero
• B) two
• C) four
• D) six

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Definitions:

Directive Leadership

A leadership style where the leader tells team members what to do, how to do it, and when it needs to be done, with little input from followers.

Supportive Leadership

A leadership style characterized by the provision of encouragement, feedback, and resources to help individuals or teams succeed.

Directive Leadership Style

A leadership approach where the leader tells team members what to do, how to do it, and when it needs to be done, with little input from them.

Path-Goal Leadership Theory

A theory that suggests leaders can increase subordinate satisfaction and performance by clarifying the path to goal achievement, removing obstacles, and offering rewards.