All of the Following Are Explanations for What Has Been

question 94

Multiple Choice

All of the following are explanations for what has been termed the mortality revolution EXCEPT

• A) advances in medicine and sanitation.
• B) a better educated public.
• C) a more health-conscious citizenry.
• D) a decline in sanitation and the proliferation of new diseases.

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Definitions:

Profit

The profit achieved when the revenue generated by a business operation is greater than the expenses, costs, and taxes required to maintain that operation.

Profit-Maximizes

Refers to the strategy or the condition where a firm adjusts its production and pricing to achieve the highest possible profit.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit-Maximizes

A strategy or behavior adopted by firms aiming to achieve the highest possible profit given their resources and market conditions.