In an Ethics of Care or Peacemaking Approach to Solving

question 58

Multiple Choice

In an ethics of care or peacemaking approach to solving ethical dilemmas the first step is to identify the options.The second step is to identify ______.

• A)the costs and benefits of each option
• B)the particular virtues served by each option
• C)the particular relationships involved
• D)the consequences of each option

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Definitions:

Variable Input

An input in the production process that can be adjusted in the short term, such as labor or raw materials.

Average Total Cost

The sum of all production costs (both fixed and variable) divided by the total quantity of units manufactured.

Demand

The desire of consumers to purchase goods and services at given prices, which is a fundamental concept in economics determining market dynamics.

Long-Run Average Cost Curve

A graphical representation showing the minimum average cost at which any output level can be produced when all inputs are variable in the long run.