For Productive Efficiency to Hold

question 209

Multiple Choice

For productive efficiency to hold

• A)price must equal the marginal cost of the last unit produced.
• B)price must equal marginal revenue of the last unit sold.
• C)average variable cost is minimized in production.
• D)average total cost is minimized in production.

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Definitions:

Peacemaking Criminology

An approach to criminology that focuses on resolving conflicts and preventing crime through non-punitive means.

Pyramid Of Concepts

A hierarchical structure of ideas or concepts, arranged from the most general at the base to the more specific at the top.

Peacekeeping

The maintenance of international peace and security by international organizations through military or non-military means.

Ethics Of Care

A normative ethical theory emphasizing interpersonal relationships and the importance of compassion, empathy, and emotional response in moral decision-making.