If a Competitive Firm Is Selling 500 Units of Its

question 139

Multiple Choice

If a competitive firm is selling 500 units of its product at a price of $8 per unit and earning a positive profit, then

• A)its average revenue is greater than $8.
• B)its marginal revenue is less than $8.
• C)its total cost is less than $4,000.
• D)All of the above are correct.

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Definitions:

Leader Behavioral Style

The manner in which a leader typically behaves or interacts with others, often influencing their leadership effectiveness.

Decisions

Choices made from two or more alternatives.

Delegating

The act of assigning responsibility and authority to others to carry out specific activities while maintaining accountability for the outcome.

Supportive Leader Behaviors

Actions taken by a leader to show concern for followers' well-being and personal needs, contributing to a positive work environment.