Which of the Following Is the Largest Minority Category Within

question 73

Multiple Choice

Which of the following is the largest minority category within the U.S.population?

• A)people of Asian descent
• B)people of African descent
• C)people of Hispanic descent
• D)people of Native American descent

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Definitions:

Fixed Cost

Costs that do not change with the level of output or production, such as rent, salaries, and insurance, which are incurred regardless of business activity levels.

Total Cost

The complete amount of expenses incurred by a business in producing goods or services, including both fixed and variable costs.

Quantity Change

An alteration in the amount of goods or services supplied or demanded in a market.

Average Fixed

The fixed costs of production divided by the quantity of output produced, illustrating how those costs are spread over output.