Which of the Following Is True with Respect to Frequent

question 14

Multiple Choice

Which of the following is true with respect to frequent binge drinking?

• A)It is defined as drinking alcohol once a week.
• B)The incidence has been increasing among college students.
• C)More than half of all college students are frequent binge drinkers.
• D)It's not a problem if limited to a few years.

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Definitions:

Returns to Scale

The rate at which production output increases in response to proportional increases in all inputs.

Average Cost

The average cost is the total cost of production divided by the number of units produced, reflecting the cost per unit of output.

Marginal Cost

The supplementary expenditure required to produce an extra unit of a product or service.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.