You Are Dispatched to the Local Elementary School for an Injured

question 42

Multiple Choice

You are dispatched to the local elementary school for an injured student.Upon arrival you find that two 7-year-olds got into a fight and one of them jabbed a pencil in the other's cheek.The pencil is still sticking out of the child's cheek.When you examine the patient,you cannot see the end of the pencil that went through the cheek,as it appears to be stuck in the palate.There is not significant bleeding,and the child is not having any difficulty breathing.The child is very upset and wants you to pull the pencil out.What should you do?

• A) Stabilize the object, but do not try to remove it.
• B) Remove the object and put a bandage on the outside of the cheek.
• C) Call the parents and see what they want you to do.
• D) Let the child carefully pull the object out.

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Definitions:

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance premiums.

Economic Profit

The difference between total revenue and total economic costs (including both explicit and implicit costs), reflecting a firm's financial performance.

Perfectly Competitive

A market structure characterized by many buyers and sellers, no barriers to entry, and a homogeneous product.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full industry adjustment.