Given Below Is the Scatter Plot of the Number of Employees

question 107

True/False

Given below is the scatter plot of the number of employees and the total revenue ($millions) of 20 U.S.companies.Companies that have higher numbers of employees appear to also have higher total revenue.

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Definitions:

Product Rises

This term seems unclear or incomplete. If referring to a situation where the price or demand for a product increases, there is no single term that universally describes this scenario as "Product Rises." NO.

Income Effect

The change in consumption resulting from a change in real income, which can itself result from changes in wages or prices.

Money Income

The total amount of monetary earnings or receipts a person or household receives from various sources including wages, dividends, and benefits.

Product Increases

Situations in which the output or availability of goods and services in the market expands.