Which of the Following Is a Reason for Constructing a Joint

question 22

Multiple Choice

Which of the following is a reason for constructing a joint frequency distribution?

• A) to help analyze the relationship between the two variables
• B) to determine the trend between the two variables
• C) to measure the spread between two variables
• D) to show the average of the two variables
• E) to show the average and the spread of the two variables

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, and free entry and exit in the market.

Equivalents

Items or quantities that are equal in value, function, or meaning.

AVC

Average variable cost, which is the total variable cost divided by the quantity of output produced.

Marginal Product Data

Information that shows how the addition of a single unit of a factor of production, such as labor or capital, affects total output.