The First Step in the Screening Process Should Be a Physical

question 88

True/False

The first step in the screening process should be a physical examination in order to discover any physical or medical limitations that would screen out the physically unworthy applicants.

---

Definitions:

Long Run

A period in economics where all factors of production and costs are variable, and firms can adjust all inputs as needed.

Marginal Revenue

The additional income that is generated by selling one more unit of a product or service.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Average Variable Cost

The total variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.