When Tyrone Broke His Leg and Needed to Use Crutches

question 8

Multiple Choice

When Tyrone broke his leg and needed to use crutches to get around,his brother Tyrelle offered to carry his book bag for him in school.Tyrelle did not ask Tyrone for anything in return,especially since he knew that Tyrone was upset that he would miss the next few weeks of baseball.Tyrelle's behavior exemplifies

• A) empathy.
• B) altruism.
• C) moralism.
• D) hedonism.

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Definitions:

Short Run

A time period in economics where at least one factor of production is fixed, limiting the immediate response of a firm to changes in market conditions.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales.

Average Variable Cost

The total variable cost divided by the quantity of output produced.

Output

The amount of goods or services produced by a company, sector, or economy.