Steve Is Unhappy with His Job

question 17

Multiple Choice

Steve is unhappy with his job.He takes every possible vacation and sick day and sometimes shows up for work late.He is expressing his dissatisfaction by:

• A)loyalty.
• B)exit.
• C)voice.
• D)neglect.

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Definitions:

ATC

Average Total Cost; the total cost of production divided by the quantity of output produced.

Price Charged

The amount of money required for the purchase of a good or service, set by the seller.

Maximize Profits

The process by which a company seeks to achieve the highest possible financial gain from its operations, often by adjusting production, prices, and costs.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.