Mikail's Perfectly Competitive Camera Memory Card-Producing Factory Is Making Positive

question 46

Multiple Choice

Mikail's perfectly competitive camera memory card-producing factory is making positive economic profits. If the price of memory cards is $9, if Mikail's output is 3,000 cards a month, and if his monthly average total cost is $7, what are his monthly profits?

• A) $6,000
• B) $27,000
• C) $21,000
• D) $2

Learn about the hierarchical nature of human needs according to Abraham Maslow's theory.

Understand the concept of judicial review and its implications on legislative and executive actions.

Recognize the international jurisdictional issues raised by the internet and online transactions.

Comprehend the principles of jurisdiction, including the conditions under which courts can exercise jurisdiction over parties.

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Definitions:

Social System

A structure of interrelated institutions, organizations, and patterns of interactions that defines a society.

Presidential Democracy

A system of government where a president serves as the head of state and head of government, often in a system separate from the legislative branch.

Egalitarianism

A philosophy advocating for equal rights and opportunities for all individuals, emphasizing the importance of equality in social, political, and economic spheres.

Parliament

A legislative body of government responsible for making laws, typically structured in one or more houses or chambers.