Figure 6-C -Refer to Figure 6-C.The Marginal Cost Curve Is the Curve

question 111

Multiple Choice

Figure 6-C
-Refer to Figure 6-C.The marginal cost curve is the curve labeled:

• A)A
• B)B
• C)C

---

Definitions:

Lump-sum Merit Pay

A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.

Base Pay

The initial rate of compensation an employee receives, excluding any additional benefits, bonuses, or overtime.

Annual Merit Raise

An increase in salary given yearly based on an employee's performance evaluation.

Performance Appraisal

The systematic evaluation of an employee's performance on the job, typically including both qualitative and quantitative assessments.