Every Graphical Statistic Has Some Common Parts That Need to Be

question 20

Multiple Choice

Every graphical statistic has some common parts that need to be presented; they are

• A)labels,line ticks,different colors
• B)title,some type of scale,different colors,
• C)title,labels,subtitles
• D)labels,some type of scale,graph elements

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Definitions:

Marginal Costs

The increase in total cost that arises from producing one additional unit of a good or service.

Output

The amount of goods or services produced by a company, industry, or economy within a certain period.

Variable Costs

Costs that vary directly with the level of output, such as raw materials and direct labor expenses.

Labor

The human effort, either physical or mental, employed in the production of goods and services.