The Weight of an Object Is an Example of

question 7

Multiple Choice

The weight of an object is an example of

• A) a continuous random variable.
• B) a discrete random variable.
• C) either a continuous or a discrete random variable, depending on the nature of the object.
• D) either a continuous or a discrete random variable, depending on the unit of measurement.

---

Definitions:

Comparative Advantage

The ability to produce a good at a lower opportunity cost than others can produce it. Relative costs determine comparative advantage.

Marginal Utility

The additional satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Consumed

The act of using up a good or service, thus removing it from the market and contributing to economic activity.

Marginal Utility

The variation in pleasure or usefulness a consumer feels from using one more unit of a product or service.