When Comparing Two Different Distributions,which of the Following Is Not

question 31

Multiple Choice

When comparing two different distributions,which of the following is not possible?

• A)both have the same mean,but different standard deviations
• B)both have the same standard deviation,but different means
• C)both have the same mean and the same standard deviation
• D)both have different means and different standard deviations
• E)all of these are possible

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Definitions:

Long-Run Average Total Cost

A curve that reflects the lowest cost at which a firm can produce any given level of output in the long term, when all inputs are variable.

Short-Run Average Cost Curves

Graphs that show how the average cost of production changes as the level of output is varied in the short term.

Cost Curves

Graphical representations that show the cost of producing different quantities of a good or service.

Marginal Cost

The rise in cost from producing an extra unit of a good or service.