________ Refer to Preferable Ways of Behaving

question 63

Multiple Choice

________ refer to preferable ways of behaving.An example of this is being courageous.

• A)Instrumental values
• B)Ethical values
• C)Terminal values
• D)Moral standards
• E)Cultural values

---

Definitions:

Total Product

The total output or production by a company during a specific period of time.

Average Product

Average Product is the output per unit of input, calculated by dividing total product by the quantity of the input.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, while holding other inputs constant.

Average Product

In economics, the output produced per unit of input, used to measure productivity efficiency.