Emilio and Claudio Are Both Graduating Seniors

question 62

Multiple Choice

Emilio and Claudio are both graduating seniors.Emilio has an A average,and Claudio has a C average.They are both applying to law school at Harvard,Stanford,and Yale.Emilio is likely to be _____ in achievement motivation,and Claudio is likely to be _____ in achievement motivation.

• A) high; low
• B) high; high
• C) low; low
• D) low; high

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Definitions:

Profit-Maximizing Level

The point at which a company can achieve the highest profit by adjusting production levels, where marginal revenue equals marginal cost.

Total Output

The total quantity of goods or services produced by an economy, firm, or manufacturing process within a specific time period.

Units

Basic quantitative measures used in economics and commerce to count, describe, and measure the amount of a product or commodity.

Least-Cost Combination

is an economic principle that firms achieve by using the mix of inputs that minimize their costs while producing a given level of output.