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18 de abr. de 2021 · Study with Quizlet and memorize flashcards containing terms like Question 1 When evaluating the morality of a decision, Utilitarianism takes into account ... only the overall consequences resulting from the decision. ., Utilitarianism assumes that ... people avoid pain and seek happiness (pleasure)., According to Utilitarianism, when making a moral decision using the Greatest Happiness ...
Study with Quizlet and memorize flashcards containing terms like Which of the following is not a condition for perfect competition? A. Firms take prices as given.
Hace 19 horas · A firm in perfect competition is a price taker because _____. A) charging a lower price than the market price is considered uncompetitive. B) the market price is always the profit-maximizing price.
Hace 19 horas · Study with Quizlet and memorize flashcards containing terms like Preamble, preamble does, we the people of the united states, in order to form a more perfect union, establish justice insure domestic tranquility, provide for the common defence promote the general welfare and secure the blessing of liberty to ourselves and our posterity do ordain and estabish this constitution for the united ...
A. the out-group has less influence with the leader than does the in-group B. the leader usually expects extra duties from out-group members C. in-group members are chosen on the basis of compatibility with the leader D. out-group members may not want to be in-group members. Ans: B.
a. the firm is currently maximizing its profit. b. the profits of the firm are negative. c. firms are likely to leave this market in the long run. d. All of the above are correct. For a profit-maximizing monopolistically competitive firm, price exceeds marginal cost in. both the short run and the long run.
Hace 19 horas · Which of the following would provide the best evidence that a commodity is being produced under conditions of perfect competition? a)The demand curve facing any one producer is perfectly elastic. b)The supply curve is perfectly inelastic.
