Which of the Following Descriptions of Athenian Leaders Is Incorrect

question 70

Multiple Choice

Which of the following descriptions of Athenian leaders is incorrect?

• A)Themistocles ⎯ developed a navy
• B)Cleisthenes ⎯ created the ten tribes and Council of 500
• C)Solon ⎯ sole archon and political reformer
• D)Cleon ⎯ leader of the war party in the Peloponnesian War.
• E)Pisistratus ⎯ remodeled the entire Athenian constitution while utterly neglecting his merchant supporters.

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Definitions:

Economic Loss

Occurs when total cost exceeds total revenue, not covering all explicit and implicit costs.

Economic Profit

The separation between whole income and all charges, factoring in both straightforward and subtle costs.

Excess Capacity

The situation where a firm is producing less than the maximum output due to lack of demand.

Profit-Maximizing Rule

A principle stating that profit maximization occurs when a firm's marginal cost equals its marginal revenue.