Community,as Defined by the Text

question 4

Multiple Choice

Community,as defined by the text,

• A)applies only to neighborhoods where people know each other by name.
• B)develops only after crime is totally eradicated from that specific neighborhood.
• C)applies to a specific area and the individuals, organizations, and agencies in that area.
• D)All of the above

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Definitions:

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes needed to sustain the operation.

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Perfectly Competitive

A type of market where numerous small firms compete against each other offering products that are virtually interchangeable and where no single company can dictate the market price.

Marginal Productivity

The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.