Which of the Following Is an Example of Potential Energy

question 22

Multiple Choice

Which of the following is an example of potential energy?

• A)chewing food
• B)water stored in a reservoir
• C)burning wood
• D)a fan blade turning
• E)riding an exercise bike

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Definitions:

Marginal Decision Rule

A principle stating that an action should be taken if, and only if, the marginal benefit of the action exceeds its marginal cost.

Marginal Revenue

The extra revenue gained from the sale of an additional unit of a product or service.

Perfect Competition

A market structure characterized by many buyers and sellers, freedom of entry and exit, and a homogeneous product.

Perfectly Elastic

A situation in economic theory where the quantity demanded or supplied of a good changes infinitely in response to any change in price.