Examlex

Solved

Jak Wants to Get in Shape, So He Makes a New

question 168

Multiple Choice

Jak wants to get in shape, so he makes a New Year's resolution to go to the gym more often. He went a couple of times, but it never became a habit and he often forgot to even make plans to go. Which of the following helps explain why it is difficult to start a new habit?


Definitions:

Demand Curve

A visual diagram that illustrates how the quantity of a product demanded by buyers correlates with its price.

Marginal Revenue Curve

A graphical representation showing the additional income generated from the sale of one more unit of a good or service.

Average Variable Cost

Variable expenses, which fluctuate based on production volume, per unit of output.

Long-run Equilibrium

A state in which all aspects of the market, including supply and demand, production capacity, and price levels, are in balance and expected to remain so.

Related Questions