Simone Is Working on a Group Project for Her Science

question 438

Multiple Choice

Simone is working on a group project for her science class.Which of the following would NOT be a factor in her decision to engage in social loafing?

• A) feeling more accountable for the group project
• B) viewing individual contributions to the project as dispensable
• C) overestimating her own contributions to the group project
• D) being unmotivated and not identifying with the group members

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Competitive Price-Taker

A market participant who accepts the prevailing market prices as given because they have no power to influence those prices due to intense competition.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Profit Maximized

The point at which a firm achieves the highest profit possible, considering the level of output and cost of production.