Match Each Principle with Its Corresponding Description

question 43

Multiple Choice

Match each principle with its corresponding description.
-Requires people to do what is in the best interests of others

• A)autonomy
• B)beneficence
• C)distributive justice

---

Definitions:

Economic Costs

The total expenses incurred in producing a good or service, including opportunity costs.

Total Revenue

The overall amount of money earned by a business from the sale of its goods or services, calculated as the product of price times quantity sold.

Economic Profits

Profits exceeding the opportunity costs of a firm, representing earnings beyond the breakeven point.

Economic Costs

The total value of all resources used to produce a good or service, including both explicit and implicit costs.