The Average American Typically Gets _____ of Their Calories from SOFAs

question 35

Multiple Choice

The average American typically gets _____ of their calories from SOFAs (solid fats and added sugars) each day.

• A)all
• B)75%
• C)50%
• D)one-third
• E)25%

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Definitions:

Value Added

The increase in the value of a product or service as a result of a particular process, typically measured as the difference between the cost of inputs and the price it's sold for.

Profit-Maximizing

A strategy or point whereby a firm selects the output level at which its profits are at their highest.

Marginal Product

The additional output resulting from the use of one more unit of a production factor.

Factor Of Production

An economic term describing the inputs used in the production of goods or services to earn an income, namely labor, capital, land, and entrepreneurship.