Consider an Experiment in Which Female and Male Rats Are

question 16

Multiple Choice

Consider an experiment in which female and male rats are weighed and then their food consumption is measured. Which of the following is NOT a flaw in the figure showing data from this experiment?
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• A) The fonts used for the two axes are different and both hard to read.
• B) The symbols have identical shapes and colors with very similar shades.
• C) The x-axis should extend all the way to zero to show magnitude.
• D) The y-axis has a discontinuity, a sudden jump in magnitude.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales.

Short Run

A period in which at least one input, such as plant size or the number of firms in the market, is fixed and cannot be changed.

Fixed Cost

Any cost that does not depend on the firms’ level of output. These costs are incurred even if the firm is producing nothing. There are no fixed costs in the long run.

Marginal Costs

Marginal Costs involve the additional expenses incurred from the production of one extra unit of a product or service.