The Statement That Is True About Divorce in the United

question 16

Multiple Choice

The statement that is true about divorce in the United States a decade ago is that

• A) the modal years for divorce were the tenth and eleventh years of marriage.
• B) the average interval between the first marriage and divorce was about eleven years.
• C) the median length of all marriages is about eleven years.
• D) All of the above three are true.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.

Variable Cost

Costs that vary directly with the level of production or the volume of output.

Operating Leverage (DOL)

A financial metric indicating the proportion of fixed versus variable costs a company has, which affects its earnings before interest and taxes (EBIT) for every percentage change in sales.

Variable Cost

Costs that vary directly with the level of production or volume of output.