Which of the Following Needs Is Correctly Matched with Its

question 42

Multiple Choice

Which of the following needs is correctly matched with its description?

• A)Physiological needs-the need to interact and affiliate with others and the need to feel wanted by others
• B)Safety needs-the desire for security, stability, and the absence of pain
• C)Esteem needs-the need for food, clothing, shelter, and other basic physical needs
• D)Self-actualization needs-the need for power and status

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Definitions:

Price Of Capital

The cost of using capital goods, reflected in interest rates or rental prices of equipment and machinery.

Price Of Labor

The wage rate or compensation paid to workers for their labor, determined by factors such as skill level, supply and demand, and industry standards.

Isocost

A line that represents all combinations of inputs which have the same total cost for a firm, used in production theory to analyze cost minimization.

Price Of Labor

The wage rate or salary that employers pay to employees in exchange for their work.