_____ Is Goal Driven; the Ends (Consequences) Justify the Means

question 9

Multiple Choice

_____ is goal driven; the ends (consequences) justify the means used.

• A) Normative ethics
• B) Metaethics
• C) Deontological theory
• D) Teleological theory
• E) All of the above

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Definitions:

Expansion Path

Curve passing through points of tangency between a firm’s isocost lines and its isoquants.

Long Run

A period in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Marginal Cost

The extra financial outlay needed for manufacturing another unit of a product or service.

Marginal Product

The boost in production one can expect by adding an extra unit of labor or capital, ceteris paribus.