Which of the Following Is an Example of an Altruistic

question 53

Multiple Choice

Which of the following is an example of an altruistic behavior?

• A) accidentally scaring a bank robber away by screaming when you see him or her
• B) telling the police that your company dumps toxic waste,even though you will lose your job
• C) setting up a scholarship fund for your children because you will receive tax deductions
• D) helping your neighbor cut down a tree,so that the leaves do not blow into your yard anymore

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Definitions:

Marginal Resource Cost

Marginal Resource Cost is the additional cost incurred by obtaining one more unit of a resource, such as labor or raw materials, used in the production of goods and services.

Profits

The financial gain realized when the revenues from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

MRP Curve

Short for Marginal Revenue Product curve, which represents the additional revenue a firm earns by employing one more unit of input, assuming other factors remain constant.

Imperfectly Competitive

Describes markets where the conditions necessary for perfect competition are not met, due to factors like monopolies, oligopolies, or monopolistic competition.