Which of the Following Was Not an Important Liberal Philosopher

question 30

Multiple Choice

Which of the following was not an important liberal philosopher?

• A)John Locke
• B)Immanuel Kant
• C)Adam Smith
• D)Hans Morgenthau
• E)Woodrow Wilson

---

Definitions:

Product Pricing

The process of determining the financial value at which a product will be sold to consumers, balancing cost, demand, and profit objectives.

Variable Cost Concept

A cost that varies directly with the level of production or sales, such as materials and labor.

Unit Selling Price

The amount of money charged for selling one unit of a product or service.

Markup Percentage

Markup percentage is a measure of how much the selling price of an item or service exceeds its cost, expressed as a percentage of the cost.