Describe what has happened to state obesity rates in the United States since 1994
What will be an ideal response?
There has been a dramatic increase in obesity between 1994 and 2015. In 1994, in a majority of states between 10 percent and 14 percent of the adult population was obese, and in no state was more than 20 percent of the adult population obese. By 2015, at least 20 percent of the adult population in every state was obese, and in 44 states, at least 25 percent of the adult population was obese.
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Relative to uniform-price policy, price discrimination across segmented markets (sometimes called third-degree price discrimination):
a. always reduces welfare. b. always increases welfare. c. may increase welfare if total output falls. d. may increase welfare if total output rises.
The marginal rate of return on investment is found by dividing the marginal resource cost per year by the marginal revenue product
a. True b. False
The demand curve for a monopoly is:
a. the MC curve above the AVC curve. b. the MR curve above the horizontal axis. c. also the industry demand curve. d. identical to the MR curve.
You consider yourself to be a rational consumer. The marginal utility/price ratio of coffee is 12 utils per dollar. If the price of a donut is $0.75, you should only buy the donut if it gives you at least
A) 16 utils of satisfaction. B) 9 utils of satisfaction. C) 12 utils of satisfaction. D) The answer cannot be determined with this information.