Which of the Following Would Be the Most Likely Correlation

question 78

Multiple Choice

Which of the following would be the most likely correlation between the number of hours that a student studies for her tests and her exam grades?

• A)approximately -0.50
• B)approximately 0.00
• C)approximately 0.50
• D)approximately 1.00

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Definitions:

Marginal Cost

The uptick in complete expenditure resulting from the creation of one more unit of a product or service.

AFC Curve

The average fixed cost curve, representing the fixed costs associated with producing goods or services, spread out over the quantity produced.

Fixed Cost

Costs that do not vary with the level of output or business activity, such as rent, salaries, and insurance premiums.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, representing how fixed costs dilute as more units are produced.