In the Victor Hugo Story Les Misérables , a Character

question 64

Multiple Choice

In the Victor Hugo story Les Misérables , a character named Jean Valjean steals a loaf of bread to feed a starving child. How would psychologist Lawrence Kohlberg describe this act?

• A) Kohlberg would not be surprised because he saw humans as morally corrupt.
• B) Kohlberg would argue that the act of theft is not in and of itself immoral, depending on the rationale for the theft.
• C) Kohlberg would have expected the theft if the child were Valjean's, but not if the child belonged to someone else.
• D) Kohlberg would have expected the theft, but only if Valjean were operating at the lowest level of moral reasoning.

Identify advantages and disadvantages of the moving average forecasting model.

Perform seasonally adjusted forecasting.

Use exponential smoothing for forecasting and calculate forecasting error metrics like MAD.

Calculate forecasts using weighted moving average methods.

---

Definitions:

Inelastic Demand

A situation where the demand for a product does not change significantly when its price changes.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding all other factors constant.

Inelastic

Describes a situation in economics where the demand or supply of a good is not significantly changed when the price of the good changes.

Wage Rates

The standard amount of pay given to workers per unit of time, which can vary based on job, location, experience, and skill level.