Match each graph with the appropriate correlation coefficient.
_____ 0.98 _____ 0.73 _____ 0.09 _____ -0.99 A.
B.
C.
D.
Definitions:
Market Price
The price at which goods and services are sold in the market, determined by the forces of supply and demand.
Profit
The financial gain made in a transaction or operation, calculated as total revenue minus total costs.
Total Variable Costs
The complete costs that vary with output level, such as materials and labor, in the production process.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit.
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