Olivia Was Analyzing 50 Years of Data That Addressed Levels

question 86

Multiple Choice

Olivia was analyzing 50 years of data that addressed levels of educational attainment as related to social class backgrounds.According to the text,what would be her finding?

• A) Educational attainment has increased for all social classes over the past half century.
• B) Educational attainment had increased for youth from lower-class backgrounds,but levels remained the same for middle- and upper-class individuals.
• C) Educational attainment has increased over the past half century,but predominantly in the higher income levels.
• D) Educational attainments levels have declined in every social class category.

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Definitions:

MR

Short for Marginal Revenue, it refers to the increase in total revenue that results from selling one additional unit of a product or service.

MC

In economics, refers to marginal cost, which is the increase in total cost that arises from producing an additional unit of output.

Marginal Cost

The expense incurred from the production of an extra single unit of a product or service.

Total Cost

The complete cost of production that involves both fixed and variable costs to produce a given level of output.