The Youth Dependency Ratio Is The

question 58

Multiple Choice

The youth dependency ratio is the:

• A) Number of children under age 5 to the number between 5 and 18
• B) Number of children under age 15 to the number between 15 and 64
• C) Number of children under age 15 to the number between 15 and 21
• D) Number of children under age 10 to the number between 10 and 34

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a product.

Marginal Cost

The additional cost resulting from the production of one more unit of a product or service.

Profit Maximizing

The procedure a business uses to ascertain the most profitable price and volume of output.

Monopolist

A single seller in a market, who has significant control over the price and supply of a specific good or service.