Bartech,Inc

question 79

Multiple Choice

Bartech,Inc.is a firm operating in a competitive market.The manager of Bartech forecasts product price to be $28 in 2015.Bartech's average variable cost function is estimated to be Bartech expects to face fixed costs of $12,000 in 2015.Now,suppose that the 2015 price forecast is drastically revised downward to $5.What is Bartech's profit-maximizing or loss-minimizing) output for 2015?

• A)0 units
• B)1,000 units
• C)2,000 units
• D)3,000 units
• E)4,000 units

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Definitions:

360-Degree Feedback

A performance appraisal method involving feedback from all directions: supervisors, peers, subordinates, and sometimes clients.

Strengths-Based Leadership

A leadership approach focusing on the identification and maximization of an individual's strengths and talents to improve organizational performance.

Human Factors Psychology

A field of psychology that focuses on understanding the interactions between humans and other elements of a system, aiming to improve product design, interfaces, and work environments.

Participative Management

An administrative approach that involves employees in decision-making processes and policy formation to increase ownership and commitment.