Mikail Is Attempting to Reduce His Caffeine Consumption

question 64

Multiple Choice

Mikail is attempting to reduce his caffeine consumption.Which of the following drinks that he consumes daily has the highest amount of caffeine per serving?

• A)black tea
• B)regular cola
• C)energy drink
• D)gourmet coffee

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Definitions:

Diminishing Marginal Returns

Describes a point in production where the addition of one more unit of input results in a less than proportional increase in output.

Per-unit Costs

Refer to the average cost for each unit of a product or service that is produced, including all relevant expenses.

Marginal Costs

The additional cost incurred by producing one more unit of a good or service.

Fixed Costs

Costs that do not change with the level of output or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.