If the Total Cost of Producing 2 Pounds of Cheese

question 103

Multiple Choice

If the total cost of producing 2 pounds of cheese is $6 and the total cost of producing 4 pounds of cheese is $8,then:

• A)total cost is declining.
• B)average total cost is declining.
• C)average total cost is increasing.
• D)average total cost is constant.
• E)total cost is constant.

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Definitions:

Interquartile Range

A measure of variability, defined as the difference between the upper (75th percentile) and lower (25th percentile) quartiles.

Range

Range is the difference between the highest and lowest values in a set of data, indicating the spread or variability of the dataset.

Range

The difference between the highest and lowest values in a data set.

Variance

A measure of the dispersion or spread of a set of values, indicating how much the values differ from the mean of the set.