Which of the Following Is an Example of a Tangible

question 108

Multiple Choice

Which of the following is an example of a tangible product?

• A) lawn care
• B) accounting services
• C) customer service
• D) computer

Understand the economic and mathematical principles behind efficient resource allocation decisions in political and business contexts.

Understand how production functions are used to calculate total costs in specific business scenarios.

Calculate average variable costs based on given total costs and production output.

Analyze the cost-effectiveness of purchasing equipment or services for production based on their annual cost and marginal cost per unit.

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Definitions:

Drive Theories

Psychological theories suggesting that behavior is motivated by the desire to fulfill basic biological needs or drives.

Ostracism

The act of excluding or ignoring someone from a group or society, often used as a form of social punishment.

Competence

The ability and skill to effectively perform a task, job, or role to a high standard.

Autonomy

The state of being self-directed and independent in one's actions and decisions.