If the Price of the Output Good Is $4, the Price

question 11

Multiple Choice

if the price of the output good is $4, the price of factor 1 is $1, and the price of factor 2 is $3, what is the profit-maximizing amount of factor 1?

• A)8
• B)2
• C)1
• D)0
• E)There is not enough information to tell.

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Definitions:

Authoritarian Parents

A parenting style characterized by high demands and low responsiveness, where parents have high expectations and enforce strict rules without considering the child's viewpoint.

Self-Reliance

The reliance on one's own capabilities, judgment, or resources; independence.

Social Competence

The capacity to interact effectively with others, including the skills, behaviors, and emotional intelligence necessary for successful social relationships.

Stern Discipline

Strict or severe methods of training or controlling behavior, often emphasizing punishment over reinforcement.