Mariana Has an Hour of Free Time During Which She

question 99

Multiple Choice

Mariana has an hour of free time during which she could either go for a run or swim at the local pool. She decides to swim. Economists would conclude that Mariana:

• A)is revealing a preference for swimming over running.
• B)will receive less utility from swimming than playing soccer.
• C)was unable to go for a run at that time.
• D)is more skilled at swimming than running.

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Definitions:

Accounting System

A structured process of collecting, recording, summarizing, and reporting financial transactions of a business or individual.

Financial Advantage

The benefits derived from specific financial actions, decisions, or situations, typically measured in terms of profit, cost savings, or return on investment.

Costs Associated

Expenses that are linked or related to a particular business activity, product, or process.

Selling Price

The price at which a product or service is sold to customers, determined by factors such as market demand, production costs, and competition.