Using an Athlete to Promote a Sports Drink Is an Example

question 47

True/False

Using an athlete to promote a sports drink is an example of a logical fallacy.

---

Definitions:

MC

Marginal Cost, the cost of producing one additional unit of a good.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced.

AVC

Average Variable Cost; the per unit variable cost associated with producing a good or service.

AFC

Average Fixed Cost; the total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs spread out over produced units.