A Company That Makes Products That Give High Immediate Satisfaction

question 125

Multiple Choice

A company that makes products that give high immediate satisfaction but may hurt consumers in the long run makes ________ products.

• A) deficient
• B) pleasing
• C) salutary
• D) desirable
• E) threatening

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Definitions:

Marginal Rate

The rate at which one variable changes with respect to a small change in another variable, often used in the context of taxation.

Technical Substitution

The process of replacing one combination of inputs or technologies with another to produce the same level of output.

Inputs

Elements utilized in creating products, covering workers, funds, raw materials, and electricity.

Isoquant

A curve depicting all combinations of inputs that result in the production of the same level of output.