A Graph That Plots the Intersection of Paired Measures,that Is,the

question 6

Multiple Choice

A graph that plots the intersection of paired measures,that is,the points at which paired X and Y measures cross is called a

• A) scatter diagram.
• B) histogram.
• C) frequency polygon.
• D) frequency distribution.

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Definitions:

Average Total Cost

The total cost of production divided by the quantity of output produced, indicating the average cost per unit.

Total Output

Total output is the total quantity of goods or services produced by an economy, firm, or machine in a specific period.

Marginal-Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as production volume changes.

Marginal Cost

The variation in overall expenses that occurs with the production of an additional unit.