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If a company sells a single product and the selling price per unit and the variable cost per unit both increase by 5% while fixed costs remain the same, then
Stoics
Adherents of Stoicism, an ancient Greek philosophy that teaches the development of self-control and fortitude as a means of overcoming destructive emotions.
Preconceived
Ideas, opinions, or judgments formed in advance without adequate evidence or experience.
Psychological Hedonist
Someone who believes that the pursuit of pleasure is the most important motivation for human actions.
Only Pleasure
The concept that the pursuit of pleasure is the most important goal or the only source of moral value.
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