You Find That You Have to Add 1 Teaspoon of Sugar

question 3

Multiple Choice

You find that you have to add 1 teaspoon of sugar to a cup of coffee that already has 5 teaspoons of sugar in it to notice the difference in sweetness.If you have a cup of coffee with 10 teaspoons of sugar in it,how many teaspoons would you have to add to notice the difference in sweetness at least half the time?

• A)1
• B)2
• C)4
• D)5

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Opportunity Cost

The significance of the most valuable opportunity sacrificed because of a decision made.

Average Total Cost

The cost of producing each unit, calculated by dividing the overall production expenses by the number of products made.

Marginal Cost

The added cost resulting from the manufacture of one more unit of a product or service.