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According to the categorical imperative theory, in the event of an ethical dilemma, the ends justify the means and the choice is made to do what is the "greatest good" for the most people.
Total Variable Costs
The overall expenses that vary directly with the level of production output, such as raw materials and labor.
Marginal Cost
The escalation of full cost associated with manufacturing an additional unit of a good or service.
Output
The amount of products or services that a company, sector, or nation generates over a specific period of time.
Total Fixed Cost
The sum of all costs that do not change with the level of output, even if that output is zero.
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