If There Is No Scarcity

question 64

Multiple Choice

If there is no scarcity,

• A)the opportunity cost of an action would be greater than its sunk cost.
• B)marginal cost of an action is greater than its marginal benefit.
• C)an action would have zero opportunity cost.
• D)all marginal benefits would equal zero.
• E)choices are no longer rational.

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Definitions:

Hydration Recommendation

Guidelines suggesting the amount of fluid intake to maintain optimum health and physical performance, often based on factors such as body weight, environment, and activity level.

Fluid Ounces

A unit of volume used primarily in the United States to measure liquids, approximately equal to 29.57 milliliters.

Motorized Treadmills

Exercise equipment that provides a moving platform with a conveyor belt driven by a motor, for walking or running in place.

Cardiovascular Fitness

The ability of the heart, lungs, and blood vessels to efficiently supply oxygen to the body during sustained physical activity.