Which Is Not a Property of Traits

question 46

Multiple Choice

Which is not a property of traits?

• A) frequency.
• B) centrality.
• C) intensity.
• D) range of situations.

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Definitions:

Marginal Revenue

The boost in income derived from the sale of an extra unit of a product or service.

Marginal Cost

The additional cost incurred in the production of one extra unit of a good or service.

Marginal Profit

The additional profit gained from producing or selling one more unit of a good or service.

MR < MC

A condition where marginal revenue is less than marginal cost, suggesting that a firm should reduce its output to maximize profit.