If a Firm Increases Its Output Level in the Short

question 37

Multiple Choice

If a firm increases its output level in the short run,then

• A)variable cost rises but fixed cost remains unchanged
• B)both variable cost and fixed cost rise
• C)variable cost rises,but fixed cost fall
• D)both variable cost and fixed cost fall
• E)variable cost remains unchanged,but fixed cost rises

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Definitions:

Self-Interests

The focus on one's own benefit or advantage, especially when pursued without regard for others.

Utilitarian View

An ethical philosophy that posits the best action is the one that maximizes utility, generally defined as actions that promote happiness or pleasure and reduce suffering.

Ethical Behaviour

Conduct based on recognized moral principles or values, emphasizing honesty, fairness, and integrity in personal and professional realms.

Greatest Good

A principle aiming at the maximum positive outcome or benefit for the largest number of people.