The Clever Use of Visual Enhancements Such as ____ Can

question 42

Multiple Choice

The clever use of visual enhancements such as ____ can make an enormous difference in how easy or hard it is to interpret the output of a computer model.

• A)color and scale
• B)size and perspective
• C)size and time
• D)color and time

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Definitions:

Marginal Revenue Product

The extra income obtained through the use of an additional unit of a resource, for example, capital or labor.

Wage Rates

The amount of money paid to an employee by an employer for a unit of time worked or for a certain amount of work completed.

Labor Demand

Denotes the quantity of labor that employers are willing to hire at a given wage rate in a given time period.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes by an infinite amount in response to any change in price; most common in theoretical models.