Of the following groups, which had the highest incidence of poverty in 2011?
A. African Americans
B. Hispanics
C. Female householders
D. Persons 65 or older
C. Female householders
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Derived demand refers to
a. demand curves derived from utility functions b. an individual demand curve estimated from a market demand curve c. a market demand curve estimated from individual demand curves d. demand for a resource derived from the demand for the product produced by that resource e. demand for a product derived from the demand for the resource used to make that product
Marginal revenue of nth unit of output is:
a. total revenue of (n+1)th unit minus total revenue of nth unit. b. total revenue of nth unit minus total revenue of (n-1)th unit. c. total revenue of (n+1)th unit minus total revenue of (n-1)th unit. d. the sum of total revenue of (n+1)th unit and nth unit. e. the sum of total revenue of (n+1)th unit and (n-1)th unit.