Which of the Following Is (Are) Correct

question 67

Multiple Choice

Which of the following is (are) correct?

• A) Firms are organizations that produce goods and services.
• B) Firms seek to maximize profits.
• C) Firms seek to utilize factors of production in the most efficient way in order to maximize profits.
• D) All of the above are correct.

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Definitions:

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours, affecting various physiological functions in living organisms.

Reticular Activating System

A network of nerves in the brainstem that plays a key role in controlling arousal and the transition between sleep and wakefulness.

Sleep Deprivation

A condition resulting from insufficient sleep, which can impact mental, emotional, and physical health.

Usual Sleep Patterns

The typical sequence and timing of sleep stages and awake periods experienced by an individual over a 24-hour period.