Which Characteristic Can Be Used to Represent a Set of Variables

question 74

Multiple Choice

Which characteristic can be used to represent a set of variables with one mathematical equation?

• A)structuralism
• B)variate
• C)ANOVA
• D)exponentiation

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Definitions:

Output

The amount of goods or services produced by a person, machine, factory, or company within a certain period.

Demand Schedule

A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.

Marginal Cost

The investment needed to make an extra unit of a good or service.

Average Cost

A measure of the total cost of production divided by the number of units produced, used to calculate the cost per unit.