If Productive Efficiency Characterizes a Market

question 69

Multiple Choice

If productive efficiency characterizes a market

• A)the marginal cost of production is minimized.
• B)firms produce the goods that consumers desire most.
• C)the output is being produced at the lowest possible cost.
• D)firms use the best technology available to produce the good.

Acknowledge the recyclability of electronic products and the environmental responsibility of corporations.

Understand the conflict between loyalty and truthfulness in the business world and the role of whistle-blowers.

Recognize the significance of corporate efforts in environmental responsibility.

Comprehend legal protections against discrimination and harassment in the workplace.

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Definitions:

Cubes

A cube is a three-dimensional solid object bounded by six square faces, or in mathematics, the result of multiplying a number by itself twice.

Ordered Pairs

Pairs of numbers used to represent points on a graph, with the first number indicating horizontal position and the second number vertical position.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output.

Simplify

In mathematics, to reduce an expression or equation to its simplest form or most understandable version.