The Age Distribution of a Sample of the Part-Time Employees

question 55

Multiple Choice

The age distribution of a sample of the part-time employees at Lloyd's Fast Food Emporium is: What type of chart has the data been organized to draw?

• A) Histogram
• B) Simple Frequency Polygon
• C) Cumulative frequency polygon
• D) Pie chart
• E) Frequency polygon

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Definitions:

External Cost

A cost of a transaction that affects someone who did not choose to incur that cost, often associated with negative side effects of economic activities not reflected in market prices.

Social-Cost Curve

A graphical representation showing the total cost to society of producing various levels of a particular good or service, including both private costs and external costs.

Demand Curve

A graphical representation in economics showing the relationship between the price of a specific good and the amount of it that consumers are willing and able to purchase at various prices.

Supply Curve

The supply curve graphically represents the relationship between the price of a good and the quantity supplied by producers over a specific time period.