Use the Following to Answer Questions

question 60

Short Answer

Use the following to answer questions :
The following table gives the frequency distribution of the highest degrees held by 25 professionals.

-The percentage of persons with a Bachelor's degree as the highest degree is:

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Definitions:

Total Variable Costs

The sum of expenses that vary directly with the level of production or output, including costs for materials and labor.

Output

The amount of goods or services produced by a business, industry, or economy.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output in the short term.