A Huge Demographic Factor Behind Reagan's Electoral Success Was

question 71

Multiple Choice

A huge demographic factor behind Reagan's electoral success was:

• A)the growth of the Hispanic population.
• B)the baby boomers reaching retirement age.
• C)the declining percentage of people who went to church.
• D)population growth in the South and West.
• E)the growing number of Americans with graduate degrees.

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Definitions:

Marginal Revenue Product

The extra income obtained by utilizing an additional unit of a resource.

Marginal Revenue Product

The additional revenue generated from using one more unit of a resource or input in the production process.

Marginal Product

The additional product created when one unit of a certain input is added, with all other inputs held steady.

Marginal Revenue Product

The increased earnings resulting from the utilization of one additional unit of a production resource.