A Test Score in the 3rd Percentile Would Be Considered

question 56

Multiple Choice

A test score in the 3rd percentile would be considered ______.

• A)very high
• B)very low
• C)about average
• D)cannot be determined

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Definitions:

Variable Cost

Fees that directly alter according to the scale of production or output.

Marginal Cost

The amplification in entirety of cost following the production of an additional unit of a product or service.

Mud Statues

This refers to sculptures made from mud or clay, but in economic terms, it's not a recognized key term.

Workers

Individuals engaged in any form of employment or labor, contributing to the production of goods and services.