It Is Projected That in 2020, What Percentage of the Production

question 48

Multiple Choice

It is projected that in 2020, what percentage of the production line workforce will be older than 50?

• A)Less than 10%
• B)10-20%
• C)20-40%
• D)More than 50%

---

Definitions:

Long Run

A period in economic analysis where all factors of production and costs are variable, allowing full adjustment to changes.

Weekly Operating Profits

Weekly operating profits describe the earnings a business generates from its normal operations over a one-week period, excluding any income from investments or other non-operational sources.

Short Run

An interval in economic studies where a minimum of one production element remains constant and is unalterable.

Variable Costs

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