Demographics Are

question 29

Multiple Choice

Demographics are:

• A) statistics related to the morbidity and mortality of all illnesses and injuries.
• B) geographical distributions of illness and injury.
• C) statistics related to the incidence of infectious disease.
• D) characteristics of human populations.

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Definitions:

Specialization

The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency.

Long-Run Average Costs Curve

A graphical representation showing the minimum average cost at which any output level can be produced after all inputs, including capital, are adjusted.

AFC

In economic terms, typically stands for Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.

ATC

Average total cost, which is the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.