Which of the Following Statements Is Descriptive

question 14

Multiple Choice

Which of the following statements is descriptive?

• A)The average weight of students in the statistics class is 143 pounds.
• B)The USDA has tested 12% of the corn crop and believes that the total corn crop will be unaffected by last year's drought.
• C)On the basis of incoming freshmen SAT scores,I think that next year's class will have a GPA of 2.48.
• D)On the basis of a survey of 15% of the student body,I think that the students,in general,would prefer fewer potato dishes served in the cafeteria.

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Definitions:

Total Costs

The complete amount of costs incurred by a business to produce a specific amount of goods or services, including fixed and variable costs.

Total Variable Costs

The sum of all costs that vary with the level of output, including costs for raw materials, labor, and other expenses that increase as production increases.

Marginal Cost

Additional expense associated with making one more unit of a product, focusing on the variable cost component increase.

Total Costs

The sum of all costs incurred in the production of goods or services, including both fixed and variable costs.