Use the Following Table to Answer the Question(s) Below

question 45

Multiple Choice

Use the following table to answer the question(s) below.

-A parks and recreation worker counts the number of paint drips on each standard size park bench. The results from the last 10 benches are shown below. If the Parks Department decides to make a c chart, what bench number is out of control?

• A) 1
• B) 3
• C) 5
• D) 7
• E) none of these observations are out of control

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Definitions:

P (Price)

The amount of money required to purchase a good or service, determined by the interaction of supply and demand in the market.

Efficient Level

Describes a state where resources are allocated in a way that maximizes productivity or utility with minimal waste.

External Costs

Uncompensated negative effects experienced by others due to an individual or company's actions, not reflected in market prices.

Marginal Damage

The additional harm or cost caused by producing one more unit of a good or service, often used in the context of environmental economics.