Which of the Following Statements Are True

question 130

Multiple Choice

Which of the following statements are true?

• A) In general, the error from the midpoint rule is less than the error from the trapezoid rule.
• B) In general, the trapezoid rule is more accurate than the midpoint rule.
• C) In general, Simpson's rule is more accurate than the midpoint rule.
• D) The error in the trapezoid rule decreases as the number of subintervals increases.
• E) All of these statements are true.

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced.

Marginal Cost

The cost of producing one additional unit of a product or service, which can change as the level of production varies.

Average Variable Cost

The total variable costs of production divided by the quantity of output, representing the per-unit variable cost.

Marginal Cost

The cost incurred from producing an additional unit of a product.