An Example of Niche-Picking Is

question 115

Multiple Choice

An example of niche-picking is

• A) parents enrolling their active child in many structured, sedentary activities in hopes that he will calm down.
• B) parents enrolling their active child in many athletic activities in hopes that he will burn off some steam.
• C) an active child choosing to participate in many athletic events.
• D) an uncoordinated child choosing to participate in athletic events in hopes of becoming more coordinated.

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Definitions:

Marginal Productivity

The additional output that results from employing one more unit of input, such as labor or capital, while keeping other inputs constant.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like wages or lease payments.

Marginal Costs

The extra expense incurred from making one more unit of a product or service.

Average Cost

The total cost of production divided by the number of goods produced, showing the cost of producing each unit.