Carnegie Mellon University's Center for the Advancement of Applied Ethics

question 74

Multiple Choice

Carnegie Mellon University's Center for the Advancement of Applied Ethics separates ethics training into compliance and:

• A)complications.
• B)consequences.
• C)congruency.
• D)cognitive thinking.

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Definitions:

MC

Marginal Cost; the cost of producing one additional unit of a product.

ATC

Average Total Cost is determined by dividing the overall production cost by the number of units produced.

MR

In economics, Marginal Revenue is the additional income received from selling one more unit of a good or service.

Peak Efficiency

The maximum point where resources are utilized in the most efficient way possible without wastage.