Which of the Following Is Least Applicable to the Approach

question 35

Multiple Choice

Which of the following is least applicable to the approach of ancient civilizations towards nature?

• A) Nature is inanimate.
• B) Lightning might be a god.
• C) Floods were a punishment of the gods.
• D) Gods might dwell in rivers and mountains.
• E) The wind might be a god.

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Definitions:

Total Revenue

The overall income generated by a business from its sales activities, calculated by multiplying the price of goods by the quantity sold.

Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for a product, unlike a price-discriminating monopolist who charges different prices.

Marginal Revenue

The additional income earned by selling one more unit of a product or service, reflecting the incremental increase in total revenue.

Nondiscriminating Profit-maximizing Monopolist

A monopolist who charges a uniform price for all units of output sold to all customers, maximizing profit without price discrimination.