This kind of mental structure is called a script.
The same term is used in the movie and theater industry - actors receive a script which will tell them exactly what they need to do. The same thing goes here - Jenna knows that the people working in the restaurant will behave as if they had a script to follow.
Answer:
C. the firm should produce if its price exceeds average variable cost.
Explanation:
WHen average total cost is less that price, this means you are making a profit, and since they are in the equilibrium sate with Margina revenue being equal to marginal cost, they are in the sweet spot of production, so the only thing left for them is producing if its price exceeds average variable cost, and that would maximize their profits.
Answer:
The correct answer is letter "A": negative inequity.
Explanation:
John Stacey Adams proposed the Equity Theory stating wages and work conditions are not the only factors that motivate employees at work. According to Adams worker look for a balance between their inputs such as effort, skills, abilities or commitment and outputs like recognition, reputation, praise or job security.
Negative inequity arises when individuals feel their outputs are undervalued in regards to their inputs and positive inequity when the outputs overvalue the inputs. Then, <em>Sophia is feeling negative inequity since she believes it is necessary to work harder (effort) so the workload of her team (output) can be increased compared to smaller regional airports.</em>
Answer:
The correct answer is (B)
Explanation:
Stagflation is a mixture of fusty monetary development, high unemployment, and high inflation. It's an unnatural circumstance since swelling should happen in a weak economy. In a typical market economy, slow development stops development. Accordingly, customer demand drops enough to prevent costs from rising. Stagflation is dangerous for economic growth and it leads a country towards depression.
