Every 10 Years,a Census Is Taken in the U

question 60

Essay

Every 10 years,a census is taken in the U.S.by the Census Bureau.Despite the intent of gathering data on the population of the United States,issues exist which make true population data impossible to gather.Identify at least two issues in collecting these data.

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Definitions:

Monopoly

A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.

Marginal Revenue

The boost in income derived from the sale of an extra unit of a product or service.

Marginal Cost

The additional cost incurred in the production of one extra unit of a good or service.

Marginal Profit

The additional profit gained from producing or selling one more unit of a good or service.