In Maslow's Hierarchy of Needs,a Social Need ________

question 51

Multiple Choice

In Maslow's hierarchy of needs,a social need ________.

• A)relates to the individual's desire to be free from harm
• B)is concerned with the desire for respect
• C)includes the desire for love,companionship,and friendship
• D)relates to the normal functioning of the body
• E)refers to the desire to maximize whatever potential an individual possesses

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Definitions:

Marginal Revenue Product

Marginal Revenue Product is the additional revenue gained from employing one more unit of a resource, crucial for determining how much of a resource to employ.

Wage Rate

The amount of compensation paid to an employee by an employer in exchange for performing specific tasks within a given period.

Perfectly Competitive Firm

A company operating in a market where there are many sellers and buyers, the product is identical across suppliers, and there are no barriers to entering the market, leading to no control over prices.

Marginal Revenue Product

The additional revenue gained by employing one more unit of a factor of production.