Party Coalitions Today Source: Authors' Analysis of the 2014

question 3

Multiple Choice

Party coalitions today Source: Authors' analysis of the 2014 Pew Research Center post-election survey.
-Based on the graph,which of the following groups is most likely to vote Republican?

• A)White Catholics
• B)White Evangelicals
• C)African Americans
• D)the wealthy -Consider This: More Americans with an income over $150,000 voted Republican than Democrat in the 2014 midterm election.

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Definitions:

Average Total Cost

The sum of average variable costs and average fixed costs (costs that do not change with the level of output) divided by the quantity of output, representing the total cost per unit of output.

Average Fixed Cost

Permanent production expenses, which don't fluctuate with output changes, divided by the output number.

Marginal Cost

The increase in cost that arises from an additional unit of production.

Average Variable Cost

The per unit cost of variable inputs (like labor and raw materials) that change with the level of output.