Which of the Following Statements Is Congruent with Evidence Relating

question 4

Multiple Choice

Which of the following statements is congruent with evidence relating to the financial outcomes of participating in apprenticeship programs in Canada?

• A) negative return on investment and short pay-back periods
• B) neutral return on investment and fairly short pay-back periods
• C) positive return on investment and short pay-back periods
• D) positive return on investment and long pay-back periods

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Definitions:

Quantity

The amount or number of a product or service that is available for use or sale.

Marginal Product

The additional output resulting from a one-unit increase in the use of a variable input while holding other inputs constant.

Marginal Cost

The fees associated with creating one additional unit of a good or service.

Average Variable Cost

The per-unit variable cost, determined by dividing the overall variable expenses by the amount of output generated.