A Firm Manager with Vertical Indifference Curves (Output on the Horizontal

question 99

Multiple Choice

A firm manager with vertical indifference curves (output on the horizontal axis, profit on the vertical axis) views

• A)only profits to be "goods."
• B)only output to be "goods."
• C)both profits and outputs to be "goods."
• D)none of the statements associated with this question are correct.

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Definitions:

Comparison Person

An individual used as a benchmark to evaluate one's own situation, achievements, or performance in social comparison theory.

Need for Achievement

A psychological trait that drives individuals to succeed, accomplish challenging tasks, and set high standards for themselves.

Needs for Affiliation

The desire to form connections with others and maintain social relationships.

Salespersons

Individuals who sell products or services, often directly to customers, and are skilled in negotiation, communication, and persuasion.