Refer to the Diagram

question 339

Multiple Choice

Refer to the diagram. If a firm produces output Q ₁ at a unit cost of b, then the

• A)firm is not fulfilling the least-cost rule in employing resources.
• B)firm may or may not be maximizing profits.
• C)marginal product per dollars' worth of each resource employed is not the same.
• D)firm has achieved minimum efficient scale.

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Definitions:

Individual Deviants

Persons who act outside societal norms, which can include criminal behavior or non-conformity in non-criminal ways.

Urbanization

is the process by which cities grow and societies become more urban in character, often characterized by a decrease in rural population and an increase in urban living.

Economic Inequality

The unequal distribution of wealth, income, and economic resources among individuals, households, or communities within a society or globally.

Suicide Victim

An individual who has died as a result of intentionally ending their own life.