Case 1 where Price < AVC  Case 2 where Price > ATC Case wher…

Case 1 where Price < AVC  Case 2 where Price > ATC Case where ATC > P > AVC MC (Marginal Cost) MR (Marginal Revenue) ATC (Average Total Cost) AVC (Average Variable Cost) d (demand curve) P (price) Based on the above figure  for a perfectly competitive firm in the short run, In case 2, the perfectly competitive firm will _____________________________.

Leading is related to the other management functions. Specif…

Leading is related to the other management functions. Specifically, __________ sets the direction and objectives; __________ brings the resources together to turn plans into action; __________ builds the commitments and enthusiasm needed for people to apply their talents fully to help accomplish plans; and __________ makes sure things turn out right.