According to the Text's Discussion of Race, Ethnicity, and Poverty

question 59

Multiple Choice

According to the text's discussion of race, ethnicity, and poverty __________.

• A)most of the poor and virtually all welfare recipients are people of color
• B)white Americans account for less than one-third of those below the official poverty line
• C)a disproportionate percentage of the impoverished in the United States is made up of African Americans, Latinos/as, and Native Americans
• D)it is difficult to determine the relationship between race, ethnicity, and poverty because of welfare programs

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Definitions:

Marginal Product

Marginal product refers to the additional output resulting from using one more unit of a production input, holding all other inputs constant.

Fixed Costs

Costs that remain consistent regardless of production or sales volume, including rent, salaries, and insurance fees.

Variable Costs

Expenses that change in proportion to the activity or production level of a business.

Total Fixed Costs

The sum total of costs that are unaffected by changes in production levels or output.