All of the Following Are True EXCEPT

question 25

Multiple Choice

All of the following are true EXCEPT:

• A) Being killed by lightning is more probable than being killed by bioterrorism involving anthrax.
• B) Being killed by a stroke is more likely than committing suicide.
• C) Alcohol kills 1 in every 6,210 people.
• D) Food poisoning is more likely to kill you than Alzheimer's disease.
• E) 1 in 397 will die of heart disease.

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a product or service.

MR = MC

An economic principle stating that profit maximization occurs when marginal revenue equals marginal cost.

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Economic Effects

The influence of various factors, including policies, market shifts, and external events, on the economy's performance, structure, and behavior.