Find the Mode(s)for the Given Sample Data $- 20 , - 45 , - 46 , - 45 , - 49 , - 45 , - 49$

question 132

Multiple Choice

Find the mode(s) for the given sample data.
- $- 20 , - 45 , - 46 , - 45 , - 49 , - 45 , - 49$

• A) \(- 42.7\)
• B) \(- 46\)
• C) \(- 45\)
• D) \(- 49\)

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Definitions:

Indifference Map

A graphical representation of different bundles of goods between which a consumer is indifferent.

Marginal Rate of Substitution

The pace at which a consumer is capable of sacrificing some portion of one item to obtain a different item, without altering their overall happiness.

Marginal Rate of Substitution

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility.

Marginal Utilities

The supplementary utility or satisfaction received by using one more unit of a good or service.