In Making Business Decisions,Glenda,personnel Manager for HVAC Maintenance,Inc

question 41

Multiple Choice

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc.,applies his belief that all persons have fundamental rights.This is

• A)a religious rule.
• B)the categorical imperative.
• C)the principle of rights.
• D)utilitarianism.

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Definitions:

MC

Marginal Cost, the cost incurred from producing one additional unit of a good or service.

AVC

Average Variable Cost refers to the variable costs (such as labor and materials) per unit of output produced.

MR Output

The output level where marginal revenue equals marginal cost, guiding firms in maximizing their profitability.

Price

The amount of money required to purchase a good, service, or asset.