Who Is MOST Likely to Survive to Their Nineties

question 11

Multiple Choice

Who is MOST likely to survive to their nineties?

• A) Mona, a wealthy European American woman
• B) Ali, a wealthy European American man
• C) Francisco, a Latino man
• D) Belinda, a Latino woman

---

Definitions:

Average Total Cost

A rephrased definition: The per unit production cost calculated by dividing the sum of all production costs by the quantity of output produced.

Variable Cost

Costs that change in proportion to the level of output or activity of a business.

Fixed Costs

Expenses that do not change with the amount of goods or services produced, such as rent or salaries.

Marginal Costs

Refers to the cost added by producing one extra item of a product, emphasizing its role in decision making regarding production levels.