You Want to Display Data on the Finish Times of the 10

question 2

Multiple Choice

You want to display data on the finish times of the 10 fastest race horses in a single race at the Kentucky Derby.
Which type of graph would be best to display this information?

• A) bar graph
• B) line graph
• C) scatter plot

---

Definitions:

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, based on their willingness or ability to pay.

Profits

The financial gain obtained when revenues from sales exceed the costs associated with production and selling the goods or services.

Perfect Price Discrimination

The price discrimination that results when a monopolist charges each consumer the maximum that the consumer is willing to pay.

Marginal Cost

The change in the total cost that arises when the quantity produced is incremented by one unit.