An Example of an Enabling Factor Is

question 71

Multiple Choice

An example of an enabling factor is

• A) living near a hiking trail when you want to begin a walking program.
• B) nagging your parents to stop smoking.
• C) your spouse deciding to go to the gym with you.
• D) having friends who say they hate to exercise.

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Definitions:

Economic Profit

The difference between total revenue and the sum of explicit and implicit costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a good or service.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Profit

The financial gain realized when the amount of revenue gained exceeds the expenses, costs, and taxes involved in sustaining the activity.