The Table Given Below Reports the Marginal Revenue and Marginal

question 81

Multiple Choice

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client. Table 8.2
Refer to Table 8.1.If we assume that Holmes is currently serving 8 clients, then Holmes Agency:

• A)is maximizing profit.
• B)should find more clients to increase profits.
• C)is maximizing total revenue.
• D)could increase profits by serving less clients.
• E)is minimizing cost.

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Definitions:

Behavior Approach

Focuses on what leaders do, how they act and behave toward their followers, and how these actions define leadership effectiveness.

Contingency Theories

A group of leadership theories that propose the effectiveness of a leader is contingent upon the match between the leader’s style and the specific situation.

Descriptive

Descriptive pertains to explaining or detailing the characteristics, features or aspects of something without expressing any judgment or opinion.

Prescriptive

Offering or providing recommendations or guidelines on how something should be done.