The Output of Blu Ray Players Should Be

question 90

Multiple Choice

The output of blu ray players should be:

• A)reduced if marginal benefits exceed marginal costs.
• B)reduced if marginal costs exceed marginal benefits.
• C)increased if marginal costs exceed marginal benefits.
• D)reduced to zero if their unit costs exceed the unit costs of alternative products.

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Definitions:

Veil of Ignorance

A philosophical concept proposed by John Rawls suggesting that decisions should be made without the decision-makers knowing their status, to ensure fairness and equity in moral judgments.

Abstract Nature

The quality of being abstract; not representing or imitating external reality or the objects of nature.

Equality

The state, quality, or ideal of being equal, especially in status, rights, and opportunities.

Fairness

The quality of making judgments that are free from discrimination or bias, ensuring equal treatment for all.