The Graph Below Shows the Number of Students Enrolled in Various

question 39

Multiple Choice

The graph below shows the number of students enrolled in various courses at State University in spring 2000. Each bar
represents a different course, and the height of the bar represents the number of students enrolled. Use the graph to
answer the question.
-For which courses was enrollment less than 75?

• A) Algebra and Philosophy
• B) Art, Algebra, History, and Philosophy
• C) Art and Philosophy
• D) Art, Algebra, and Philosophy

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Definitions:

Price Taker

An individual or company that must accept prevailing prices in the market, having no influence over them.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, and very easy entry and exit, leading to firms being price takers.

Natural Monopoly

A market condition where a single firm can supply a product or service at a lower cost than two or more firms, due to economies of scale.

Economies of Scale

The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.