-Evaluating This Map, We Can Determine That

question 17

Multiple Choice

-Evaluating this map, we can determine that

• A) more than 95 percent of Latinos live in the southwestern United States.
• B) Latinos are mainly concentrated in the northwest, southwest, and northeast.
• C) Latinos are concentrated only in the largest cities.
• D) Latinos live throughout the United States.
• E) only 10 percent of Latinos live in the southwest.

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Definitions:

Revenue Function

A mathematical representation that calculates the total revenue generated from the sale of goods or services at different prices.

Total Profits

The overall financial gain made by a business after subtracting total costs from total revenues, indicating the business's financial health over a period.

Cost Function

A mathematical relation that defines the total cost of production as a function of the quantity of output produced.

Profit-Maximizing

The procedure companies undertake to find the best combination of price and production volume for peak profit.