Which of the Following, If True, Represents a Demographic Change

question 18

Multiple Choice

Which of the following, if true, represents a demographic change that will affect decisions future managers make?

• A) The unemployment rate is likely to continue to fall.
• B) The percentage of Hispanics in the candidate pool will increase.
• C) More job candidates are likely to have tattoos and body piercings.
• D) More jobs will be performed by robots.

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Definitions:

Marginal Cost Curve

A graphical representation that shows how the cost of producing one additional unit of a good changes as the level of production is varied.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Constant Cost Industry

An industry in which the input prices and the costs of production do not change as the industry's output changes.

Downward Sloping

Describes a curve or line on a graph that shows a decrease in one variable as another variable increases, typical of demand curves in economics.