Which of the Following Could Generate Economic Profits for Perfectly

question 35

Multiple Choice

Which of the following could generate economic profits for perfectly competitive firms in the short run, if they initially earn zero economic profits?

• A) A fall in demand
• B) A unit tax on output
• C) An increase in total fixed costs
• D) A decrease in input prices

Compare and contrast the James-Lange theory and Cannon-Bard theory of emotion.

Distinguish between intrinsic and extrinsic motivation and their impact on behavior.

Apply principles of self-regulation to increase the success of personal goal attainment.

Outline and analyze Maslow's hierarchy of needs and its significance in psychology.

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Definitions:

Emergency

A sudden, unexpected situation requiring immediate action to prevent or mitigate harm.

Love v. Hardee's

A legal case referencing a specific dispute, often cited in discussions of legal responsibility and negligence in the context of corporate obligations to customers.

Invitee

A person who is invited to enter or remain on property for a commercial benefit to the property owner, such as a customer in a store.

Dangerous Condition

A situation or aspect of a property that poses a risk of injury to those on the premises.