If the Variable Cost Curve Is a Straight Line Then

question 28

Multiple Choice

If the variable cost curve is a straight line then

• A)The marginal cost curve will be U-shaped
• B)The marginal cost curve may be U-shaped
• C)The marginal cost curve will be horizontal
• D)The marginal cost curve is upward sloping

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Definitions:

Bimodal Data

Data that has two different modes, or peaks, in its frequency distribution.

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all of the data will fall within three standard deviations of the mean.

Measure Variability

The degree to which data points in a dataset differ from each other and from their average value.

Square Root

A value that, when multiplied by itself, gives the original number. It is often represented as \(\sqrt{x}\) for a number \(x\).