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What Is a Pie Chart? Under What Circumstances Do Researchers

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What is a pie chart? Under what circumstances do researchers use a pie chart? What is one limitation of a pie chart?


Definitions:

Total Profit

The financial gain obtained by subtracting total expenses from total revenue generated from sales or operations.

MR

Marginal Revenue, the additional income that an organization earns by selling one more unit of a product or service.

MC

Marginal Cost; the additional cost incurred from producing one more unit of a good or service.

Tunnel Vision

A cognitive bias that creates a focus on a single goal or perspective, often leading to overlooking other relevant information or alternatives.

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