Aimon Makes a Point of Turning Off the Lights in His

question 8

Multiple Choice

Aimon makes a point of turning off the lights in his office when he is not using it because it saves his company money and saves energy for the environment.Aimon is in the _____ stage of ethical development.

• A)conventional
• B)postconventional
• C)preconventional
• D)traditional

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Definitions:

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, holding all other inputs constant.

Total Product Curve

A graphic representation showing how the total quantity of output of a firm changes as the quantity of an input is changed, holding all other inputs constant.

Marginal Product

The increase in output that results from adding one more unit of a specific input, holding all other inputs constant.

Total Product

The total output or production achieved by a firm from a given amount of inputs.