Instruction 3-9
Given Below Are the Rating and Performance Scores

question 83

Short Answer

Instruction 3-9
Given below are the rating and performance scores of 15 laptop computers.
$\begin{array}{|l|l|l|l|l|l|l|l|l|l|l|l|l|l|l|}\hline\text { Performance } & 115 & 191 & 153 & 194 & 236 & 184 & 184 & 216 & 185 & 183 & 189 & 202 & 192 & 141 \\\hline \text { Overall } & 74 & 78 & 79 & 80 & 84 & 76 & 77 & 92 & 83 & 78 & 77 & 78 & 78 & 73 \\\text { Rating }&\\\hline\end{array}$
-Referring to Instruction 3-9,how will you classify the linear relationship between the performance scores and the rating?

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Definitions:

Consumer Surplus

The gap between what consumers are ready and can afford to pay for a product or service, versus what they actually spend.

Producer Surplus

The difference between the amount that a producer is paid for a good or service and the minimum amount they are willing to accept for it.

Marginal Revenue

The additional income derived from the sale of one more unit of a good or service.

Monopsonist Purchase

The buying activities of a market condition where only one buyer exists, affecting prices and quantities of goods.