Graphically,total Cost Is Equal to the Area of The

question 96

Multiple Choice

Graphically,total cost is equal to the area of the:

• A)triangle formed under the demand curve.
• B)rectangle formed under the demand curve at a given price and quantity combination.
• C)rectangle formed under the average-total-cost curve at a given ATC and quantity combination.
• D)triangle formed by a line segment between the demand and average-total-cost curves.
• E)triangle formed by a line segment between the horizontal axis and the average-total-cost curves.

---

Definitions:

Regression Model

A statistical technique that models and approximates the relationship between a dependent and one or more independent variables.

Nonlinear Relationship

A type of relationship between two variables where a change in one variable does not lead to a constant change in the other variable.

Stepwise Regression Analysis

A method of fitting regression models where the choice of predictive variables is carried out by an automatic procedure.

Independent Variables

Variables in an experiment or model that are manipulated or categorized to observe their effect on the dependent variable, without being affected by any other variable in the experiment.