What Type of Graph Would Be Appropriate to Display the Frequency

question 49

Multiple Choice

What type of graph would be appropriate to display the frequency table of cat ownership shown below?

• A) bar graph
• B) histogram
• C) scatterplot
• D) line graph

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.

Profit Maximizes

The process or strategy of adjusting production and operations to achieve the highest possible profit.

MC

Stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.