Imagine That NASA Conducts a Study to Find Out the Length

question 135

Multiple Choice

Imagine that NASA conducts a study to find out the length of a person's sleep-wake cycle if all time cues,such as daylight and clocks,are removed.How long would you predict this cycle to be,given these conditions?

• A) 16 hours and 32 minutes long
• B) 20 hours long
• C) 24 hours long
• D) 24 hours and 18 minutes long

---

Definitions:

Average Revenue

The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.

Marginal Cost

The uptick in price resulting from the manufacture of an extra unit of a good or service.

Monopoly Firm

A company that is the sole provider of a product or service in a market, facing no competition.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.