Describe the Effects of Ageism in the United States with Regard

question 11

Essay

Describe the effects of ageism in the United States with regard to wealth,competition in the labor force,and the emergence of a collective conscience.Give examples to support your answer.

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Definitions:

Elastic

Describes a situation where the quantity demanded or supplied changes significantly when the price changes.

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.

Profit Maximizes

The process or strategy of adjusting production and operations to achieve the highest possible profit.