There Are Several Categories of Elderly People, Due in Part

question 6

Multiple Choice

There are several categories of elderly people, due in part to the fact that old people in our society are living longer. People age 85 and older fall into the category of the

• A) young-old.
• B) middle-old.
• C) old-old.
• D) older than old.

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Total Costs

The sum of all expenses incurred by a company in producing goods or offering services, encompassing both fixed and variable costs.

Daily Profit

The net earnings calculated after subtracting total expenses from total revenues generated within a single day.

Capacity

The maximum output or producing ability of a facility, machine, firm, or economy.