Which of the Following Is NOT a Good Strategy for Creating

question 72

Multiple Choice

Which of the following is NOT a good strategy for creating a successful line graph?

• A)Avoid using more than three lines on one graph
• B)Label both axes
• C)If time is a factor, assign it to the vertical axis
• D)Use it to show frequency or distribution

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, typically decreasing as production increases.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, indicating the cost of producing one more unit of a good or service.

ATC

The average total cost is defined as the total production cost divided by the quantity of produced output.

AVC

Average Variable Cost, which is the cost of labor, materials, or overhead that changes according to the level of production output.