Which Is an Example of Anecdotal Information

question 22

Multiple Choice

Which is an example of anecdotal information?

• A)Blood glucose levels in runners after they have run in a competition.
• B)A famous runner reports having more energy after eating a certain type of power bar.
• C)Runners are timed before and after eating one power bar a day for a month.
• D)People take a written test before and after eating power bars for a month; the results are scored.

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Definitions:

Average Variable Cost

The total variable costs (costs that change with production levels) divided by the quantity of output produced.

Output

The total quantity of goods or services produced within a specific period by a firm or industry.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output from each new unit of input will eventually decrease.

Variable Factors

Elements in production that can change in the short term, such as labor and raw materials, in contrast to fixed factors like capital.