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Why Would It Be a Good Idea to Plot Time-Series

question 131

Essay

Why would it be a good idea to plot time-series data on a ratio scale instead of a regular scale? What is the difference between the two types of graphs?


Definitions:

Fixed Cost

Costs that do not change with the level of output produced, such as rent, salaries, and insurance expenses.

Marginal Cost

The price of creating an additional unit of a product or service.

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