If a Decision Maker Uses Marginal Analysis, Then the Relevant

question 132

Multiple Choice

If a decision maker uses marginal analysis, then the relevant costs are the

• A) full costs of a particular activity or product.
• B) fixed costs which do not vary with the extra activity or output.
• C) profits obtained on the activity or product.
• D) average costs for a particular activity or product.
• E) additional costs of a particular activity or product.

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Definitions:

Causes Of Poverty

Various factors including unemployment, lack of education, and socio-economic policies that lead to insufficient income and resources.

Alleviate Poverty

Measures and efforts taken to reduce or eliminate the incidence of poverty and improve the living conditions of those affected by it.

Black Male Joblessness

The condition wherein a disproportionate percentage of Black males are unemployed, not seeking employment, or not participating in the labor force.

Typical Welfare Family

A reference to the average household receiving government assistance to support its basic needs.