Which of the Following Is Not an Example of a Group

question 134

Multiple Choice

Which of the following is not an example of a group responding to an incentive?

• A)Students attend class because of an attendance policy that reduces their grade for absences.
• B)Consumers buy more of a product when it is on sale at a reduced price.
• C)Universities offer fewer online classes when they generate more revenue than traditional classes.
• D)Employees work harder to earn higher commissions.

---

Definitions:

Economic Profit

The deviation between complete financial gains and all-encompassing charges, covering both transparent and obscured costs.

Normal Rate

Often refers to a benchmark interest rate considered typical or average within an economic environment or financial product.

Economic Profit

The difference between total revenues and total economic costs (including both explicit and implicit costs), reflecting the additional income generated over and above the opportunity costs.

Normal Rate

A standard or typical rate used as a benchmark or point of reference, often in contexts like interest rates or economic growth rates.