The Pie Chart Shows the Percentage of Votes Received by Each

question 15

Short Answer

The pie chart shows the percentage of votes received by each candidate in the student council presidential election. Use
the pie chart to answer the question.
-The March utility bills (in dollars) of 30 homeowners are listed below. Construct a frequency distribution and a relative frequency distribution using six classes.
$\begin{array} { l l l l l l l l l l } 44 & 38 & 41 & 50 & 36 & 36 & 43 & 42 & 49 & 48 \\ 35 & 40 & 37 & 41 & 43 & 50 & 45 & 45 & 39 & 38 \\ 50 & 41 & 47 & 36 & 35 & 40 & 42 & 43 & 48 & 33 \end{array}$

---

Definitions:

Average Total Costs

Average total costs represent the total costs of production (fixed and variable costs combined) divided by the quantity of output produced.

Pure Nondiscriminating Monopolist

A market situation where a single seller sells a product to all buyers at the same price without price discrimination.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; in particular, every good or service is produced up to the point where the last unit provides a utility to consumers equal to the cost of producing it.

Productive Efficiency

A situation in which a good or service is produced at the lowest possible cost.