The "Rules of the Game" for Corporate Work Are Intended

question 57

Multiple Choice

The "rules of the game" for corporate work are intended to

• A) let the games begin.
• B) promote open and free competition.
• C) destroy the competition.
• D) make business fun.

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Definitions:

Comparative Advantage

The ability to produce a good at a lower opportunity cost than others can produce it. Relative costs determine comparative advantage.

Marginal Utility

The additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Consumed

The act of using up a good or service, thus removing it from the market and contributing to economic activity.

Marginal Utility

The variation in pleasure or usefulness a consumer feels from using one more unit of a product or service.