Dependency Ratio Measures: _____________

question 3

Multiple Choice

Dependency ratio measures: _____________

• A) family size
• B) percent of the population dependent on welfare
• C) the number of young plus the number of elderly per 100 workers
• D) average number of hours of work to feed a family of four

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Definitions:

Higher Price Buyers

Individuals or entities willing to pay more than the standard market price for goods or services, often due to perceived value, urgency, or quality.

Lower Price Buyers

Consumers who prioritize purchasing goods or services at the lowest possible price, often sacrificing quality or brand recognition in the process.

Capacity

The maximum amount of something that a facility, system, or process can contain or produce within a given time.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output, important for making decisions about production and pricing.