How Is Poverty Related to Education

question 84

Multiple Choice

How is poverty related to education?

• A) Those who live in poverty are restricted as to where they live which impacts educational opportunities.
• B) Those who live in poverty are restricted as to where they live which increases their educational opportunities.
• C) Poverty has no relationship to education or educational opportunities for students.
• D) Educational opportunities are greater for those who live in poverty providing a better education.

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Definitions:

Short-Run Average Total Cost (ATC₂)

The total cost divided by the quantity produced in the short-run, where some inputs are fixed.

Diminishing Marginal Returns

A principle stating that if one factor of production is increased while others are kept constant, the resulting increase in output will eventually decline.

Short-Run Average Total Cost (ATC)

The total cost per unit of output in the short run, where some factors of production are fixed.

Profit-Maximizing Level

The output level at which a firm achieves the highest profit, where marginal revenue equals marginal cost.