In Table 2

question 30

Multiple Choice

$\begin{array}{|l|l|l|}\hline \text {TABLE 2.1 POLITICAL PARTY } \\\text {MEMBERSHIP IN TWO } \\\text { COMMUNITIES } \\\hline \text { PARTY: } & \text { COMMUNITYA } & \text { COMMUUNITY B } \\\hline \text { Republican } & 103 & 17 \\\hline \text { Democrat } & 135 & 21 \\\hline \text { Independent } & 17 & 15 \\\hline \text { Socialist } & 9 & 11 \\\hline \text { TOTALS: } & 264 & 154 \\\hline\end{array}$
In Table 2.1,what percentage of Community A are Republicans?

• A)(103/264)´ 100 = 39.02
• B)(103/17)´ 100 = 605.88
• C)(264/328)´ 100 = 80.49
• D)(103/135)´ 100 = 76.30

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Definitions:

Hourly Wage Rate

The amount of money paid for each hour of work.

Opportunity Cost

The cost of the next best alternative forgone as a result of making a decision.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods.

Marginal Product

The increase in output that results from employing one more unit of a factor of production.