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To Increase the Likelihood of Being Positive Pygmalions,managers Should Remember

question 172

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To increase the likelihood of being positive Pygmalions,managers should remember:


Definitions:

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output all firms in the industry are willing to produce.

Marginal Value

Additional benefit derived from purchasing one more unit of a good.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they actually incur.

Marginal Revenue

The surplus revenue acquired from the sale of one more unit of a good or service.

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