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Liam Wants to Identify the Data Series in His Column

question 2

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Liam wants to identify the data series in his column chart to be identified in a box to the right of the chart. What is this box called?


Definitions:

Opportunity Cost

The sacrifice of possible benefits from other options when selecting a specific one.

Income Tax

A tax levied by governments on individuals' or entities' income and earnings.

Distance Learning

A method of education that allows students to study and learn remotely without being physically present in a traditional classroom setting.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.

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