An Example of a Standard That Might Be Used to Help

question 37

Multiple Choice

An example of a standard that might be used to help the planner move from fact to identification of the problem might be which of the following:

• A) unemployment rate, dropping out of school, students should graduate from high school.
• B) high school students are killed in drunk driving accidents, student access to alcohol, young adults should not drink alcohol until they are 21 years old.
• C) people die from heart attacks, inactivity and obesity, adults BMI should be 25 or under.
• D) poor school performance, children come to school tired, busses pick up children for school at 7 AM.

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Definitions:

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.

Consumption Time

The duration or period during which a consumer utilizes or enjoys a product or service.

Opportunity Cost of Time

The cost associated with forgoing the next best alternative when one chooses to spend time on a specific activity.