According to the Census Bureau Survey of Business Owners,____ Constitute

question 122

Multiple Choice

According to the Census Bureau Survey of Business Owners,____ constitute 88.53 percent of the U.S.self-employed population.

• A) Women
• B) White Americans
• C) White Non-Americans
• D) Minorities

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Definitions:

Output Level

The total quantity of goods or services produced by a firm or industry within a specific period.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, which decreases as more units are produced.

Output Level

The quantity of goods or services produced by a firm, industry, or economy in a given time period.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit.