In 1789, ____ of the Population Was Eligible to Vote

question 68

Multiple Choice

In 1789, ____ of the population was eligible to vote.

• A) 5%
• B) 10%
• C) 20%
• D) 33%

---

Definitions:

Economies Of Scale

Cost savings that accrue to firms from upscaling their production operations, where there's a typical decrease in the cost per unit with larger production volumes.

Average Cost

The sum of all production expenses divided by the quantity of items made, showing the expense for each unit of product.

Purely Competitive Equilibrium

A market state characterized by a perfect match between supply and demand, resulting in an optimal distribution of resources without any single buyer or seller influencing the price.

Monopoly Equilibrium

The price and output level determined in a market where a single seller controls the entire supply of a good or service.