The Boxplots Show Prices of Used Cars (In Thousands of Dollars)

question 9

Multiple Choice

The boxplots show prices of used cars (in thousands of dollars) advertised for sale at three different car dealers.Which dealer has the smallest price range, and what is it?

• A)CarZ: $8000.
• B)CarZ: $11000.
• C)Ace: $10000.
• D)BuyIt: $5000.
• E)Cannot say from boxplots only.

Analyze the role of economic development in creating social classes and its impact on democracy.

Examine the relationship between public opinion and democracy.

Discuss the impact of technology on political participation.

Understand the concept of political power and its relation to social organization.

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Definitions:

Fixed Cost

Expenses that do not change in total regardless of the level of output or activity, such as rent, salaries, and insurance.

Variable Cost

Expenses that vary directly with the volume of output or business operations.

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, reflecting the cost per unit of output.