Evidence Suggests That Around 50% of Those Who Start Smoking

question 96

Multiple Choice

Evidence suggests that around 50% of those who start smoking in their adolescent years will go on to smoke for at least a further:

• A)15-20 years
• B)5-10 years
• C)30-40 years
• D)20-30 years

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Definitions:

Diminishing Marginal Returns

A principle stating that as one factor of production increases, while others stay constant, the additional output will eventually decline.

Marginal Cost

The expansion in total financial commitment from producing one extra unit of a product or service.

Total Cost

The aggregate expense incurred in the manufacture or delivery of a product, including all overheads.

Marginal Cost Curve

The marginal cost curve graphically represents the cost incurred in producing one additional unit of a good.