Your Uncle Denny Has Recently Started Putting on Weight

question 188

Multiple Choice

Your uncle Denny has recently started putting on weight.Now that he's in his 50s he finds it harder to exercise and eat right.What would you recommend to him?

• A)He should join a gym and the rest will take care of itself.
• B)He doesn't need to worry; a person's body maintains its general health until one is in his 60s.
• C)He should enlist his wife to keep him on track and work to eat a healthy diet, exercise regularly, and stimulate him cognitively.
• D)He should start doing crosswords regularly because cognitive stimulation has been linked to longer life span.

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Definitions:

Industry Demand Curve

A graph showing the relationship between the price of a good and the total amount of the good all consumers are willing to purchase within a specific industry.

Welfare or Efficiency Loss

The decrease in economic efficiency, often measured as the loss of consumer or producer surplus, due to deviations from perfect competition.

Marginal Revenue

The additional income gained from selling one more unit of a good or service; crucial for determining the optimum level of production.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output typically decreasing with increasing scale.