Which Is the Fastest Growing Minority Population in the United

question 28

Multiple Choice

Which is the fastest growing minority population in the United States?

• A) African American
• B) Puerto Ricans
• C) Mexican Americans
• D) Hispanic/Latino

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Definitions:

Marginal Cost

The increase in total cost that arises from an extra unit of production.

Elasticity

A measure of how much the quantity demanded or supplied of a good responds to a change in price or other factors.

Long-run Profit

The amount of financial gain achieved over a longer period, taking into account all fixed and variable costs.

Market Demand Curve

Curve relating the quantity of a good that all consumers in a market will buy to its price.