What Did Most Greek Philosophers Accept as a First Principle

question 29

Multiple Choice

What did most Greek philosophers accept as a first principle?

• A) Earth was the unmoving center of the Universe.
• B) The heavens are imperfect.
• C) The tetrahedron is the perfect geometric form.
• D) There are only six planets in the Universe.
• E) Earth travels on an elliptical orbit.

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Definitions:

Profit-Maximizing Quantity

The level of production at which a firm achieves the highest possible profit, where marginal revenue equals marginal cost.

Marginal Revenue

Marginal Revenue refers to the increase in revenue resulting from the sale of one additional unit of a product or service.

Marginal Cost

The growth in the total amount of costs resulting from the manufacture of one more unit of a good or service.

Efficient Scale

The level of production at which a firm achieves the lowest possible cost per unit of output, optimizing its use of resources.