Quality Timber Pty Ltd Is a Well-Established Logging Company

question 32

Multiple Choice

Quality Timber Pty Ltd is a well-established logging company.With below-average performance,their packaging department is consistently behind schedule.Employees often take long lunch breaks and frequently stop to chat with co-workers.However,the employees get along very well and frequently spend time together,even outside work. In this scenario,the performance norms are _____ and cohesiveness is _____,so productivity is ____.

• A)low; low; high
• B)high; low; low
• C)low; high; high
• D)low; high; low

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service, crucial for decision-making in production and pricing strategies.

Average Variable Cost

The total variable costs of production (costs that change with output level) divided by the quantity of output produced, indicating the variable cost per unit of output.

Average Fixed Cost

The fixed costs of production (those that do not change with the level of output) divided by the quantity of output produced.

Average Total Cost

The cost of producing one unit, calculated by dividing the entire production cost by the quantity of units made.