Commuters Who Speed to Work Might Find It Handy to Have

question 84

Multiple Choice

Commuters who speed to work might find it handy to have a radar detector.By owning one of these,a commuter can know when her car was being monitored for speed,and can slow the car accordingly.The radar detector would satisfy a __________ need.

• A)psychological
• B)motivational
• C)utilitarian
• D)physiological
• E)social

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Definitions:

Marginal Cost

The expenditure required to produce an additional unit of a product.

Short-run Cost Function

An economic formula that describes how production costs change in the short term with varying levels of output, assuming some inputs are fixed.

Average Cost

The cost per unit of output, calculated by dividing total costs by the total quantity of output produced.

Ovens

Cookery appliances designed for baking, roasting, and heating food through the application of direct or indirect heat.