A Treemap Graphic Is a Series of Clustered Rectangles

question 66

True/False

A treemap graphic is a series of clustered rectangles.

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Definitions:

Law of Diminishing Marginal Returns

A rule of economics that asserts when a single production element is expanded and the rest stay unchanged, there will ultimately be a decline in total output after reaching a specific threshold.

Cost Curves

Graphical representations in economics that show how the costs of production vary with different levels of output.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.