When the Value of a Human Life Is Calculated According

question 71

Multiple Choice

When the value of a human life is calculated according to the economic contribution a person makes to society (as reflected in their income-earning potential) ,what is the most reasonable conclusion to draw

• A)It is possible for a retired or disabled person to have no value to society.
• B)Construction workers in high-rise buildings are more valuable than average office workers.
• C)Retired people who volunteer in their communities are more valuable than physicians.
• D)All workers have equal value.

---

Definitions:

Total Product Curve

The total product curve illustrates the relationship between the quantity of inputs used in production and the quantity of output produced, demonstrating the law of diminishing returns.

Variable Input

A production input whose quantity can be changed in the short term to adjust the level of output.

Marginal Product Curve

The marginal product curve depicts the change in output resulting from employing one more unit of a specific input, holding all other inputs constant, and typically features phases of increasing, constant, and diminishing marginal returns.

Fixed Input

A resource or input in the production process that remains unchanged regardless of the level of output or production.