Which of the Following Is Most Likely to Be a Fixed

question 36

Multiple Choice

Which of the following is most likely to be a fixed factor of production at a university?

• A)The number of personal computers.
• B)The number of lecture halls.
• C)The number of professors and lecturers.
• D)The amount of chalk.

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Definitions:

Income Disparities

The uneven distribution of income within a population, leading to economic inequality between different groups or individuals.

Institutionalized Power

Refers to power that is structured and legitimized through established laws, practices, and societal norms, often embedded within organizations or institutions.

Legitimate Power

Legitimate Power is the authority that an individual or organization lawfully possesses, allowing them to exert influence or control over others in recognized, official capacities.

Democracy

A form of governance where authority is granted to the citizens, who either govern themselves or select representatives through open elections.