From an Instrumental Rational Point of View Which of the Following

question 37

Multiple Choice

From an instrumental rational point of view which of the following qualifies as "efficient"?

• A)Cooking food using a valued family recipe past down since 1900.
• B)Following religious principles as guides to raising farm animals.
• C)Genetically modifying fish to ensure its growth hormones are always suitable.
• D)Treating animals as creatures capable of emotions.

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Definitions:

Fixed Cost

Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums, remaining constant regardless of the output level.

Marginal Cost

The expense incurred from the production of an extra unit of a product or service.

Total Product

Total product refers to the total quantity of output produced by a firm or economy during a given period.

Average Product

The total output produced per unit of a resource employed.