Professor Rodgers Found That the Average Level of Happiness Reported

question 36

Multiple Choice

Professor Rodgers found that the average level of happiness reported by people under 65 years of age declined from 1957 to 1970.However,for this same group,the average level of happiness increased slightly from 1970 to 1978.Rodgers also found that the average level of happiness reported by people age 65 and older increased from 1957 to 1978.A(the) variable(s) in this study is(are) :

• A)aged 65 and older
• B)less than age 65
• C)age
• D)age 65
• E)all of these choices are variables

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Definitions:

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of paying for a good or service, and the total sum they end up paying.

Profit Maximize

The method through which a company identifies the optimal pricing and production volume to maximize its profits.

Output

Output is the total amount of goods or services produced by a company, sector, or economy within a certain period, indicating the level of productivity and capacity utilization.