When There Is an Even Number of Scores,how Is the Median

question 10

Multiple Choice

When there is an even number of scores,how is the median calculated?

• A)It is the average of the two middle scores.
• B)Use the smaller of the two middle scores.
• C)Use the larger of the two middle scores.
• D)The median cannot be calculated in this situation.

Understand the U-shape of the short-run average total cost curve and its causes.

Identify implications of changes in fixed and variable costs on overall production costs.

Comprehend the concept of marginal product and its relationship with total output.

Understand the implications of marginal cost changes on average total cost patterns.