Use the Following to Answer Questions

question 91

Multiple Choice

Use the following to answer questions:
Figure: Trade 2
-(Figure: Trade 2) Refer to the figure. In this figure representing the market for oil, what are the total revenues generated by the tariff?

• A) $25,000
• B) $20,000
• C) $10,000
• D) $5,000

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Definitions:

Sum

The result of adding a set of numbers or quantities together.

Mean Value

A statistical measure that determines the central tendency of a dataset by summing all values and dividing by the count of values, reflecting the dataset's average.

Exam Mean

The average score derived from a set of examination results, indicating the overall performance of the examinees.

Mean Value

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.