Some Norms Are Culture-Specific,while Others Are Universal

question 30

Multiple Choice

Some norms are culture-specific,while others are universal.The universality of some norms is accounted for by

• A)the force of culture.
• B)genetic diversity.
• C)cultural similarities.
• D)genetic predispositions.

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Definitions:

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more production factor unit.

Profit-maximizing

The process of adjusting the production and sale of goods and services to achieve the highest possible profit.

Marginal Product

The additional output gained by adding one more unit of a specific input, holding all other inputs constant.