Important Aspects of the Use of Percentages Include

question 71

Multiple Choice

Important aspects of the use of percentages include:

• A) Do not average percents unless the percentage is weighted by the size of the sample responding to the question
• B) Do not refer only to percentages when the base of their computation is very small.
• C) always report percentages in descending order
• D) A and B
• E) All of the above

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Definitions:

Marginal Benefits

The additional satisfaction or utility that a person gains from consuming an additional unit of a good or service.

Marginal Costs

The cost added by producing one additional unit of a product or service.

Producing

The process of creating goods or services to be offered to the market.

Marginal Benefit

The heightened satisfaction or utility one gets from acquiring one more unit of a product or service.