Joyce Is Dropping Out of High School

question 118

Multiple Choice

Joyce is dropping out of high school.The most likely reason for her doing so is

• A) school-related.
• B) economic reasons.
• C) peer pressure.
• D) pregnancy or marriage.

---

Definitions:

Cost Of Labor

The total expenditure by employers on wages, benefits, and taxes for their employees, representing the financial cost of employing labor.

Isocost Line

A graphical representation showing all combinations of inputs (like labor and capital) that cost the same amount for a firm.

Capital

Economic resources that are used in the production of goods and services, typically including financial assets and physical machinery.

Labor

The body of physical and mental effort used in the production of goods and services.