A Singer Would Willingly Perform in a Concert for $10,000

question 228

Multiple Choice

A singer would willingly perform in a concert for $10,000. If she is paid $25,000 for the concert, she is

• A) receiving $25,000 to cover her opportunity cost.
• B) not being paid her full opportunity cost.
• C) receiving $15,000 of economic rent.
• D) certainly being paid more than warranted by the level of demand.

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Definitions:

ACSM

The American College of Sports Medicine, an organization focused on sports medicine and exercise science.

Reps

Short for repetitions, the number of times an exercise movement is performed in a set during strength training.

Voluntary Muscles

Muscles whose movement can be consciously controlled by the individual, involved in activities such as walking or talking.

Involuntary Muscles

Muscles that operate without conscious control, responsible for functions such as breathing and digestion.