Figure 4-7 -Refer to Figure 4-7. the Figure Above Represents the Market

question 52

Multiple Choice

Figure 4-7
-Refer to Figure 4-7. The figure above represents the market for iced tea. Assume that this is a competitive market. At a price of $1,

• A) the marginal cost of iced tea is greater than the marginal benefit; therefore, output is inefficiently low.
• B) producers should raise the price to $3 in order to sell the quantity demanded of 30,000.
• C) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently low.
• D) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently high.

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Weight Gain

An increase in body weight over a period of time, typically as a result of excessive calorie intake or a decrease in physical activity.

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The level of curiosity or enthusiasm an individual has towards engaging in physical activity to improve or maintain fitness and health.

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Physical activity that primarily uses oxygen to fuel energy demand, promoting cardiovascular health, such as running or swimming.

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A process or intervention aimed at enhancing one's emotional state.