Which of the Following Is CORRECT

question 66

Multiple Choice

Which of the following is CORRECT?

• A) If a firm is technologically efficient, it is always economically efficient.
• B) If a firm is technologically efficient, it is always producing at the lowest costs of production.
• C) If a firm is economically efficient, it is always technologically efficient.
• D) None of the above answers is correct.

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Definitions:

Fight-or-Flight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, preparing the body to either confront or flee from the threat.

Allostatic

Refers to the body's ability to achieve stability through physiological or behavioral change in response to stress.

Homeostasis

The ability of an organism to maintain internal stability in response to environmental changes.

Pessimistic

A predisposition towards viewing things negatively or expecting the worst outcome, accompanied by a dearth of optimism or faith in what is to come.