Examlex

Solved

The Owner of the Dismal Philosopher, One of Five Bookstores

question 15

Essay

The owner of the Dismal Philosopher, one of five bookstores on College Road, asks you to make a graph showing each bookstore's share of all book purchases on College Road.The best way to show this information is with:
A.a scatter diagram.
B.a pie chart.
C.a time-series graph.
D.an independent graph.


Definitions:

Indifference Curve

A graphical representation showing different combinations of two goods that provide equal satisfaction and utility to a consumer.

Total Utility

The cumulative satisfaction or value that a consumer derives from consuming a given amount or number of goods or services.

Indifference Curve

A graph showing different combinations of two goods between which a consumer is indifferent.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Related Questions