Birth Rate Would Tend to Decrease with a

question 49

Multiple Choice

Birth rate would tend to decrease with a

• A) Decrease in education
• B) Decrease in affluence
• C) Decrease in infant mortality rate
• D) Decrease in average marrying age
• E) Decrease in sanitation

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Definitions:

Fixed Cost

A cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Marginal Cost

The escalation in the entire cost linked to the output of an additional unit.

Average Cost

The cost per unit is determined by dividing the overall production cost by the total units produced.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.