Match Each Description with the Appropriate Term

question 257

Multiple Choice

Match each description with the appropriate term.
-A sleep disorder involving sudden and unpredictable daytime attacks of sleepiness or lapses into REM sleep.

• A)narcolepsy
• B)internal desynchronization
• C)sleep apnea
• D)lucid dreaming
• E)seasonal affective disorder

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Definitions:

AVC Curve

The Average Variable Cost curve, showing the per-unit variable cost of production at different levels of output.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Fizzle & Sizzle

An informal term indicating the contrasting outcomes of events or products; "fizzle" for failing and "sizzle" for succeeding amazingly.

Implicit Cost

The opportunity cost associated with a firm's use of resources that it already owns, representing the income the firm foregoes by using these resources in its current capacity.