If the Marginal Cost of Producing a Television Is Constant

question 80

Multiple Choice

If the marginal cost of producing a television is constant at $200,then a firm should produce this item

• A)only if the marginal benefit it receives is greater than $200 plus an acceptable profit margin.
• B)as long as the marginal benefit it receives is just equal to or greater than $200.
• C)as long as its marginal cost does not rise.
• D)until the marginal benefit it receives reaches zero.

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Definitions:

Cultural Forms

Diverse manifestations of culture, including beliefs, practices, arts, social institutions, and technologies, which express a society's values and norms.

Foreign Military Intervention

The involvement of a country's military forces in another country's affairs, which can range from advisory roles to full combat operations.

Cultural Pluralism

A concept or policy that promotes the respect, acceptance, and preservation of different cultural identities within a society, allowing for diverse traditions and customs to coexist.

Internalized Sanctions

Penalties or social controls that individuals impose upon themselves, often as a result of socialization, to conform to societal norms or laws.