Which of the Following Individuals Are Members of the Same

question 77

Multiple Choice

Which of the following individuals are members of the same cohort?

• A)a woman who raised children in Chicago during World War II and a woman who raised children in Chicago during the 1990s
• B)an urban child in the Soviet Union and a rural child in the United States
• C)a high school student in Cleveland and a high school student in Cincinnati
• D)all of the above

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Definitions:

Constant Returns To Scale

A condition where increasing all inputs by any proportion results in output increasing by that same proportion, indicating that size does not affect productivity.

Long-Run Average Total Cost

The cost per unit of output incurred when all factors of production are variable, and scale of production can be changed.

Output

The amount of products or services produced by a company, industry, or economic system.

Total Fixed Cost

The sum of all costs that do not change with output level, including rent, salaries, and insurance.