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A Weightlifter Decides to Try Taking Steroids to Improve His

question 22

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A weightlifter decides to try taking steroids to improve his performance level.Following a month of use,he notes that the steroids have had no effect on his performance.Which of the following is the most likely reason for this?


Definitions:

Explicit Cost

A cost that requires an outlay of money.

Economic Profit

Revenue minus the opportunity cost of resources used; usually less than the accounting profit.

Accounting Profit

Revenue minus explicit cost.

Factors of Production

The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.

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