Approximately How Many Millions of Americans Did Not Have Health

question 88

Multiple Choice

Approximately how many millions of Americans did not have health insurance coverage in 2015?

• A) 24
• B) 30
• C) 49
• D) 63

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Definitions:

Average Fixed Cost

Average Fixed Cost is the fixed expenses of a company divided by the number of units produced, decreasing as production increases.

Marginal Product

The extra output or benefit received from using one more unit of a variable input.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced; it varies with the level of output.

Average-Variable-Cost Curve

A graphical representation showing how average variable costs of production vary with the level of output, typically U-shaped due to economies and diseconomies of scale.