Why Are Unequal Class Intervals Sometimes Used in a Frequency

question 34

Multiple Choice

Why are unequal class intervals sometimes used in a frequency distribution?

• A)To avoid a large number of classes with very small frequencies.
• B)For the sake of variety in presenting the data.
• C)To make the class frequencies smaller.
• D)To avoid the need for midpoints.

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Definitions:

MC = MR

A condition where marginal cost equals marginal revenue, often used to determine the profit-maximizing level of output in economic theory.

Monopolistically Competitive Industry

A market structure in which many firms sell products that are similar but not identical, allowing for competition based on quality, price, and marketing.

Output

The quantity of goods or services produced within a given time period.

Profit-Maximizing Rule

The principle that firms maximize profit by producing at the level where marginal revenue equals marginal cost.