In a Study of 1350 Elementary School Children, 118 Out

question 11

Multiple Choice

In a study of 1350 elementary school children, 118 out of the 615 girls in the study said they want to be a teacher when they grow up. What percent of girls want to be a teacher when they grow up?

• A)8.7%
• B)19.2%
• C)45.6%
• D)80.8%

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Definitions:

Average Variable Costs

The total variable costs divided by the quantity of output produced, representing the variable cost per unit of output.

Marginal Revenue

Marginal Revenue is the additional income generated from selling one more unit of a good or service.

Profit-maximizing Level

The point at which a business achieves the highest profit, where marginal cost equals marginal revenue.

Market Demand

The sum of all the quantities of a good or service demanded per period by all the households buying in the market for that good or service.