Tara Finds Evaluating a New Pair of Jeans Much Easier

question 107

Multiple Choice

Tara finds evaluating a new pair of jeans much easier than evaluating tennis lessons because she can try on the jeans to see exactly how they feel and fit. In other words, the jeans have many ____ qualities.

• A) experience
• B) search
• C) intangible
• D) credence
• E) assurance

---

Definitions:

Units

A standard measure or quantity used in statistics, mathematics, or physics.

Perfect Competition

A market structure characterized by a large number of small firms competing against each other, where no single firm has the market power to influence the price of the product it sells.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the efficiency of resource utilization beyond just financial gain.

Marginal Costs

The cost of producing a subsequent unit of a product or service.