________ Is the Single Biggest Factor Affecting Income Distribution in the United

question 134

Multiple Choice

________ is the single biggest factor affecting income distribution in the United States.

• A) Location of household
• B) Type of household
• C) Education
• D) Age of household
• E) Gender

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Definitions:

Marginal Revenue

The additional revenue that a firm generates from selling one more unit of a good or service.

Average Total Cost

The total cost to produce a given quantity of output divided by the number of units produced, representing the per-unit cost of production.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Sales

The activity or business of selling goods or services, generating revenue for companies.