When a Teacher in a Private School Points Out to Her

question 110

Multiple Choice

When a teacher in a private school points out to her high school principal that since there are empty seats in all classrooms, the cost of additional students is really zero, she is using the

• A)law of comparative advantage.
• B)principle of marginal analysis.
• C)theory of externalities.
• D)notion of the cost decreases of the service sector.
• E)concept of opportunity cost.

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Definitions:

Cooperation

The process of working together to the same end or engaging in joint action.

Diverse Workforce

A workforce that includes employees from a wide range of backgrounds, including different races, ethnicities, genders, ages, religions, disabilities, and sexual orientations.

Talent Pool

A group of individuals with the skills and expertise that an organization considers potential candidates for future employment or promotion.

Fragmented Markets

Markets that are divided into many segments, each with its own distinct preferences, characteristics, or requirements.