Examlex

Solved

Despite His Best Efforts,Chris Has Been Unemployed for More Than

question 71

Multiple Choice

Despite his best efforts,Chris has been unemployed for more than two years.He has finally decided that there is no point in pursuing the "American Dream" anymore.He stops looking for a job,and sits at home drinking beer all day long.Which mode of adaptation is he engaging in?


Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Peak Efficiency

The state or condition in which a system, process, or machine operates at its highest level of effectiveness with minimal waste of resources.

Peak Efficiency

The point at which an operation is performing at its maximum effectiveness without wasting resources.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Related Questions