Answer: E. None of the Statements is true.
Explanation:
Statement 1 is false because the firm should shutdown only after market prices have dropped below Average Variable Costs not Average Fixed costs because the fixed costs have already or will be incurred regardless. The best way to limit losses would be to stop the activity that adds more costs per unit which would be variable costs.
Statement 2 is also false because profit will be made when the firm sells at a price that exceeds Average Total Cost not just Average Variable Cost.
The firm maximises profit at a point where Marginal Revenue equals Marginal Cost. If Marginal Revenue exceed marginal cost as it the case here, it means resources are being underutilised and the perfectly competitive firm needs to produce more to maximise profit not less. Statement 3 is therefore wrong as well.
Answer:
B) complacency.
Explanation:
Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.
However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.
Answer:
Explanation:
The appropriate statement the nurse should make to the client: " You will be going through a process tomorrow; tell me what concerns you have."
Good for the company cause the more loyal a customer is the more they will want to spread your sells advertisemants and recommend you to other company.
