Mike Requires About 2600 Kcal a Day He Typically Consumes

question 81

Multiple Choice

Mike requires about 2600 kcal a day He typically consumes a 20-oz milkshake, 3 cookies, and 2 cups of sweetened breakfast cereal each day Using Table 2, which of the following would he have to give up in his diet to meet the Institute of Medicine's recommendations for amount of added sugars per day?

• A)The cookies
• B)The sweetened breakfast cereal
• C)The milkshake
• D)None of the above-his added sugar intake does not exceed recommendations

---

Definitions:

Economic Loss

The difference between the revenues received from the sale of an output and the opportunity cost of the inputs used.

Average Variable Cost

The variable cost per unit of output, obtained by dividing the total variable cost by the total output.

Marginal Cost

The change in total production cost that comes from making or producing one additional unit.

Shut Down

A short-term decision by a firm to cease operations and production when the market price is below its variable costs, to minimize losses.