TABLE 8-1 -Refer to Table 8-1.If the Price of Both Labour and of Both

question 105

Multiple Choice

TABLE 8-1

-Refer to Table 8-1.If the price of both labour and capital is $10,which production technique minimizes the costs of producing 1000 units of output?

• A)A
• B)B
• C)C
• D)D
• E)Any of the techniques have the same cost.

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Definitions:

Extraverted

A personality trait characterized by outgoingness, sociability, and a high level of activity and engagement with the external world.

Authoritarian

A leadership or governing style characterized by strict obedience to authority and control over subordinates.

Self-actualization

Self-actualization is the fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Carl Rogers

An influential American psychologist known for his role in developing the humanistic approach to psychology.