Vignette #1 Carly Is an Overweight 21 Year Old Who

question 68

Multiple Choice

Vignette #1 Carly is an overweight 21 year old who is committed to good health after taking a nutrition course. She realizes that being a savvy shopper is part of the process and decides to learn how to look more critically at food labels. She picks up two different boxes of ready-to-eat breakfast cereal and sees the food labels shown in Figure 1. Help Carly evaluate these 2 breakfast cereals. Which of the following statements is incorrect about the two cereals?

• A) A serving of either cereal provides the same amount of vitamin A.
• B) Only cereal #1 can be labeled as being a good source of fiber.
• C) Cereal #1 provides less fiber and more protein than cereal #2.
• D) Both cereals can be labeled as low in sodium .

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive, representing profit.

Marginal Revenue

Marginal revenue is the additional income generated from the sale of one more unit of a product or service.

Profit Maximizing

The process or strategy of adjusting production and operations to achieve the highest possible profit from business activities.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.