Which of the Following Statements About Young Singles Is False

question 52

Multiple Choice

Which of the following statements about young singles is false?

• A) Most young singles are employed, although many are tertiary students who have left their parents' homes.
• B) They often share housing with other young singles.
• C) Young single adults are apt to spend their incomes on rent, basic home furnishings, the purchase and maintenance of cars, travel and entertainment, and clothing and accessories.
• D) It is rare for young singles to have sufficient disposable incomes for indulgent purchases.

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Definitions:

Production Isoquant

A curve that represents all combinations of inputs that produce the same level of output, used in the analysis of production technology.

Marginal Products

The additional output that is produced by using one more unit of a particular input, holding other inputs constant, critical in the analysis of production efficiency.

Profitability

A measure of the efficiency with which a company or a business utilizes its resources to generate profits.

Production Set

A set of all possible combinations of inputs and outputs that a firm can produce taking into account its technology.