If the Total Cost of Production for 1000 Widgets Is

question 51

Multiple Choice

If the total cost of production for 1000 widgets is $2000 and marginal cost is constant at $1,what is the average cost if 2000 widgets are produced?

• A) $2
• B) $1.5
• C) $1
• D) $0.5

Define and understand the characteristics of minority groups.

Examine the processes of racial and ethnic blending or separation in the United States and the factors influencing them.

Distinguish between race and ethnicity and their sociological implications.

Provide a clear definition of racism and its manifestations.