Who Is More Likely to Get Married Eventually

question 41

Multiple Choice

Who is more likely to get married eventually?

• A) Sheila, a White woman who dropped out of high school
• B) Sara, a Black woman who dropped out of high school
• C) Susan, a White woman with a Bachelor's degree
• D) Samantha, a Black woman with a Bachelor's degree

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Definitions:

Long Run

In economics, the long run refers to a period in which all factors of production and costs are variable, allowing for adjustment to changes in market conditions.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.

Marginal Cost

The increase in cost resulting from the manufacture of one extra product or service unit.

Average Total Cost

The total cost of production divided by the quantity produced, including both fixed and variable costs.