According to Your Textbook, the Following Statement Is an Example

question 202

Multiple Choice

According to your textbook, the following statement is an example owhat type ofallacy?
There's nothing wrong with capital punishment. After all, it's been around for thousands oyears.

• A) appeal to tradition
• B) false cause
• C) appeal to example
• D) slippery slope
• E) appeal to novelty

---

Definitions:

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance.

Variable Costs

Costs that change in proportion to the level of goods or services a company produces.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and thus should not affect future economic decisions.

Average Fixed Cost

Is the fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.