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Complete Table 21  Table 21.5\text { Table } 21.5 The Average Variable Cost of the Second Unit of Output

question 88

Multiple Choice

Complete Table 21.5:
Q0123TFCTVC15TC1523AVCMC4\begin{array}{c}\begin{array}{lll}\underline{Q}\\{0} \\1 \\2 \\3 \end{array}\begin{array}{lll}\underline{\mathrm{TFC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{TVC}}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\15\\\end{array}\begin{array}{lll}\underline{\mathrm{TC}}\\15\\23\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{AVC}}\\--\\\underline{\quad\quad}\\\underline{\quad\quad}\\\underline{\quad\quad}\\\end{array}\begin{array}{lll}\underline{\mathrm{MC}}\\--\\\underline{\quad\quad}\\4\\\underline{\quad\quad}\\\end{array} \end{array}

 Table 21.5\text { Table } 21.5
The average variable cost of the second unit of output in Table 21.5 is

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Definitions:

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in the abilities of team members.

Directive Leadership

A management style where leaders closely control employees' work, give specific directions, and expect followers to comply without question.

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A leadership style characterized by providing encouragement, resources, and assistance to subordinates, fostering a positive and motivating work environment.

Participative Leadership

A leadership style in which the leader includes team members in the decision-making process, valuing their input and fostering ownership.

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