-Which Statement Is False

question 10

Multiple Choice

-Which statement is false?

• A)According to the theory of the dual labor market,the rich stay rich and the poor stay poor.
• B)The dual labor market theory does not account for the huge middle level of occupations-such as nursing,teaching,and social work.
• C)Most poorer people tend to find jobs in the primary labor market,according to the theory of the dual labor market.
• D)None of the statements are false.

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Definitions:

Total Cost

The complete amount of costs incurred by a business in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Total Fixed Cost

The sum of all costs that do not change with the level of output or activity.

Total Variable Cost

Total Variable Cost is the sum of all costs that vary directly with the level of production, such as materials and labor costs.