According to Map 21

question 40

Multiple Choice

According to Map 21.3: The Election of 1912,which of the following statements is true?

• A) Woodrow Wilson won the majority of the electoral and popular votes.
• B) Woodrow Wilson won the majority of the electoral votes,but Theodore Roosevelt won the popular vote.
• C) The Socialist Party candidate won eight electoral votes.
• D) Overall,the Republican Party received the least amount of votes.

---

Definitions:

Economic Profit

is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.

Average Total Cost

The sum of all production expenses divided by the amount of products made.

Units

Basic measures or quantities, such as length, mass, time, etc., that serve as standards for expressing and comparing quantities.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced.