To Summarize Relative Percent Data,a Pie Chart Would Be a Good

question 39

True/False

To summarize relative percent data,a pie chart would be a good choice to display the data.

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Definitions:

Marginal Cost

The increase in cost resulting from the production of one additional unit of a good or service.

Fixed Input

An input whose quantity is constant and cannot be changed in the short run.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of a business to fully adjust to market changes.

Long Run

An economic term referring to a period during which all inputs or factors of production can be varied, and there are no fixed constraints.