Which Data Would Be Suitable for a Pie Chart

question 107

Multiple Choice

Which data would be suitable for a pie chart?

• A)Whirlpool Corporation's sales revenue for the last five years
• B)Oxnard University student category (undergraduate, masters, doctoral)
• C)Average SAT scores for entering freshmen at 10 major U.S. universities
• D)U.S. toy imports from China over the past decade

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Definitions:

Perfect Competition

Perfect competition is a market structure where many firms offer a homogeneous product or service, and no single firm can influence the market price.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers over a range of prices.

Perfectly Elastic

describes a demand or supply scenario where quantity demanded or supplied changes infinitely in response to any change in price.

Efficient Level of Output

The quantity of production that maximizes the difference between total revenue and total cost, or equivalently, minimizes average total cost.