Which Method of Reducing Conflict Between an Eldest Son and His

question 7

Multiple Choice

Which method of reducing conflict between an eldest son and his younger brothers is most likely to be used in extended families?

• A) moving the younger brother out of the household
• B) giving the younger sons extra land
• C) independence training
• D) increasing the number of wives for the younger sons

---

Definitions:

Economic Profits

The surplus generated when total revenues exceed the total costs, including both explicit and implicit costs.

Efficiency

The optimal allocation and use of resources to produce goods and services in the most cost-effective and waste-free manner.

P > MC

Indicates a scenario in price (P) is greater than marginal cost (MC), suggesting that a firm could potentially increase profits by increasing production since each additional unit produced costs less than the price it would sell for.

Monopoly

A market structure in which a single seller controls the entire market for a good or service, with no close substitutes.