Which Item in the Following List Might Serve as an Achieved

question 52

Multiple Choice

Which item in the following list might serve as an achieved status?

• A)occupation
• B)physical or mental disability
• C)gender
• D)race

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Definitions:

Shutdown Condition

A criterion in economics indicating the point at which a firm's revenue is not sufficient to cover its variable costs, prompting it to cease operations.

Marginal Cost Curve

A curve that graphically represents the cost of producing one additional unit of a good, typically illustrating how marginal cost varies with the quantity produced.

Competitive Firm

A company operating in a market where it has to set its prices based on the market conditions because it has little to no influence over the market prices.

Output Rises

An increase in the amount of goods or services produced by a company or economy.