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Use the following to answer questions:
Figure: Water Works
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If regulators allow the monopolist to charge a price that just covers average total cost, the water works will serve _____ customers.
Dependent Variable
The variable in an experiment that is expected to change as a result of manipulations of the independent variable.
Positive Correlation
An association between increases in one variable and increases in another—or between decreases in one and in another.
Height And Weight
Physical measurements that indicate the vertical stature and mass of a body, often used in assessing health and development.
Average Income
The sum of all incomes in a group divided by the number of individuals in that group, often used as an economic indicator.
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