What Is the Definition of a Graph

question 47

Multiple Choice

What is the definition of a graph?  

• A) It is a lengthy way to illustrate information. 
• B) It is diagram illustrating a relationship between variables. 
• C) It is method of proving causation. 
• D) It is a tool for incorporating all major and minor variables in one illustration.

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Definitions:

Doggerel

A comic verse of irregular measure, often characterized by crudeness, triviality, or poor quality.

Utility Function

A mathematical model in economics that represents a consumer's preference ordering over a set of goods or services.

Utility Function

A mathematical representation of how consumers rank different bundles or combinations of goods and services according to the level of satisfaction or utility those combinations provide.

Paasche Price Index

An economic measure that calculates the change in the cost of acquiring a given basket of goods and services in the current period compared to a base period, using the current period quantities as weights.