A Histogram Places Frequency on the Y-Axis and Variable Values

question 35

True/False

A histogram places frequency on the y-axis and variable values on the x-axis.

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Definitions:

Marginal Utility

The heightened benefit received from using one more unit of a good or service.

Marginal Utility Per Dollar

The additional satisfaction obtained from spending one more dollar on a good or service.

Marginal Utility

The supplementary value or enjoyment experienced from the consumption of an additional unit of a good or service.