Solve the Problem Determine the Number of Females 18 Years Old and Older

question 61

Multiple Choice

Solve the problem.
-The following data represent the marital status of females 18 years and older in a certain U.S. city. $$\begin{array} { l | c } \text { Marital Status } & \text { Number (in thousands) } \\\hline \text { Married } & 308 \\\text { Widowed } & 58 \\\text { Divorced } & 65 \\\text { Never married } & 114\end{array}$$ Determine the number of females 18 years old and older who are married or widowed.

• A) 373,000
• B) 366,000
• C) 308,000
• D) 431,000

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Definitions:

Inputs

Resources used in the production of goods and services, including labor, capital, materials, and technology.

Marginal Revenue Product

The extra income a company acquires by using an additional unit of input, like labor or capital.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other inputs constant.

Wage Rate

The amount of compensation paid to an employee per unit of time, often hourly or annually, reflecting the price of labor in a market.