Early in the Twentieth Century,William McDougal Proposed That There Were

question 148

Multiple Choice

Early in the twentieth century,William McDougal proposed that there were ________ human instincts.

• A)5
• B)9
• C)18
• D)24

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Definitions:

Additional Costs

Expenses that are not initially accounted for in the budget or pricing but arise during the execution of a project or the production of goods.

Marginal Analysis

Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.

Ceteris Paribus

A principle in economics that states other conditions remain constant while one variable changes.

Marginal Benefit

The additional satisfaction or value gained from consuming or producing one more unit of a good or service.