In a Discussion About the Benefits of Exercise on Health

question 12

Multiple Choice

In a discussion about the benefits of exercise on health, someone says, "Exercise is not always good for you, because I know a guy from my town who used to run 3 miles a day and then died at age 45 of a heart attack." In this argument, which type of evidence is used and what is its limitation?

• A) A testimonial (personal experience) that is subject to illusion and bias
• B) An anecdote that may be unique, not repeatable, and not generalizable
• C) A commonsense belief that may be prevalent but not necessarily true
• D) A statement of authority that is not based on actual expertise or knowledge

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Definitions:

Marginal Revenue Curve

A graphical representation showing how much additional revenue a firm will generate by selling one more unit of a product or service.

Marginal Revenue

The extra income a business earns by selling an additional unit of a product or service.

Profit-Maximizing

The process or strategy aimed at achieving the highest possible profit from products or services.

Loss-Minimizing

A strategy or approach aimed at reducing losses in business operations to the lowest possible level.