The Histogram Shown Below Gives the Heights of 27 Recent

question 40

Multiple Choice

The histogram shown below gives the heights of 27 recent college graduates. What percent of the recent college graduates are 67 inches or taller?

• A) 11%
• B) 16%
• C) 28%
• D) 41%
• E) None of the above.

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Definitions:

Equilibrium Wage

The pay rate where the amount of labor provided is equal to the amount of labor required.

Marginal Product

The additional output resulting from the use of one more unit of a variable input, such as labor or capital.

Equilibrium Wage

The salary point at which labor supply aligns perfectly with labor demand.

Marginal Product

The additional output that is produced by employing one more unit of a factor of production, holding other factors constant.