One of the Social Consequences of Rapid Urbanization and the Creation

question 3

Multiple Choice

One of the social consequences of rapid urbanization and the creation of enormous cities has been

• A) a drop in literacy rates.
• B) a fall in the number of manufacturing jobs.
• C) a rise in living standards for the poor.
• D) the growth of gangs and criminal organizations.

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Definitions:

Short-Run Marginal Cost Curve

A graph that shows the cost of producing one more unit of a good or service in the short term, when some factors of production are fixed.

Optimal Level

The most efficient, effective, or desirable point or degree in a process, situation, or system.

Leases

Legal agreements that allow for the use of property or equipment for a specified time in exchange for payment.

Marginal Cost Functions

Mathematical representations or equations that show the cost required to produce one additional unit of output at each level of production.