In the Fragments of Dialogues Between Sages and Rulers That

question 46

Multiple Choice

In the fragments of dialogues between sages and rulers that appear in the Vedas,

• A) rulers sometimes defeat the arguments of the sages.
• B) sages always defeat the arguments of the rulers.
• C) sages simply lecture to the rulers.
• D) rulers merely explain to sages the correct way.

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Definitions:

Economic Costs

Total expenses incurred in the production of goods and services, including both explicit and implicit costs.

Own Capital

The funds or assets owned by a business or individual, invested to start or operate a business.

Long Run

A period of time in which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market changes.

Inputs

Inputs are the resources such as labor, materials, and capital that are used in the production process to create goods and services.