According to Maslow's Hierarchy of Needs Theory,self-Actualization Needs Include

question 79

Multiple Choice

According to Maslow's hierarchy of needs theory,self-actualization needs include

• A)comfort and security
• B)relationships with family,friends and others
• C)confidence,achievement,and respect of others
• D)morality,creativity,and lack of prejudice

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Definitions:

Zero Economic Profits

A situation in perfect competition where firms earn just enough revenue to cover their total costs, including opportunity costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a product.

Marginal Decision Rule

A principle that states that an action should be taken if, and only if, the marginal benefits exceed the marginal costs.

MC > MR

A condition where a firm's marginal cost is greater than its marginal revenue, suggesting that it would not be profitable to increase output further.