The ________ Is the Percentage of Scores with Values That

question 12

Multiple Choice

The ________ is the percentage of scores with values that fall below a specified score in a distribution,is called the:

• A)percentile rank
• B)interval
• C)relative frequency
• D)percentile point

---

Definitions:

Marginal Cost

The financial commitment needed for producing an extra unit of a good or service.

Marginal Revenue

The addition to total revenue resulting from the sale of one more unit of a product or service.

ATC

Average Total Cost; the total cost of production (fixed and variable costs combined) divided by the number of units produced.

Price Charged

The amount of money a buyer has to pay to acquire a product or service from a seller.