In 2014 Part-Time Workers Represented

question 8

Multiple Choice

In 2014 part-time workers represented

• A)29 percent of all jobs in the Canadian economy.
• B)24 percent of all jobs in the Canadian economy.
• C)19 percent of all jobs in the Canadian economy.
• D)15 percent of all jobs in the Canadian economy.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good, capturing how production costs change with the level of output.

Efficiently Allocated

A state where resources are distributed in a manner that maximizes the net benefits to society.

Marginal Revenue

The surplus income generated by a company through the sale of one extra unit of a good or service.

Average Cost

The total cost of production divided by the number of goods produced, synonymous with average total cost, indicating the cost on a per unit basis.