Many Beaches Have a Lifeguard on Duty During the Summer

question 109

Multiple Choice

Many beaches have a lifeguard on duty during the summer but not during the winter. The most likely explanation for this is that:

• A)the marginal cost of having a lifeguard on duty varies over the year and tends to be lower during the summer.
• B)the marginal benefit of having a lifeguard on duty is higher during the summer when more people are at the beach.
• C)people understand that if you go swimming at the beach during the winter, you do so at your own risk.
• D)there is no danger of drowning at the beach during the winter.

---

Definitions:

Coffee

A brewed drink prepared from roasted coffee beans, which are the seeds of berries from the Coffea plant.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.

World Price

The international market price for a product, influenced by global supply and demand.

Domestic Price

The price of goods and services within a country's borders as opposed to international or world prices.