An Increasing Number of People Are Not Getting Married at All,however

question 19

Multiple Choice

An increasing number of people are not getting married at all,however,

• A) those who do not marry don't practice cohabitation.
• B) the children of these people are at a disadvantage.
• C) a great majority of people do get married.
• D) African Americans have experienced the least decline in marriage rates.

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the average cost of producing each unit.

Marginal-Cost Curve

A curve that shows the cost of producing one additional unit of a good or service.

Average-Total-Cost Curve

A graphical representation that shows the average total cost per unit of output at various levels of production.

Average Total Cost

The total cost of production divided by the quantity of output produced, indicating the average cost per unit.