A monopoly is a market that has--
2 answers:
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Answer:
- A. The data in D3 is skewed right.
- B. Three quarters of the data values for D2 are greater than the median value for D1 .
- E. At least a quarter of the data values for D3 are less than the median value for D2 .
Explanation:
A Box Plot can be interpreted as follows;
The first point on the line is the minimum value.
The first end of the box is the First Quartile of the data range.
The next line is the Median.
The last end of the box is the Third Quartile.
The last point on the line is the maximum value.
Most of D3 lies on the right side of Median so it is skewed right.
The First Quartile of D2 is more than the Median of D1 which means that 3 quarters of D2 (first quartile to the maximum value) are greater than the median of D1.
D2's Median value is greater than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median so option E is correct.
Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.
Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).
Opportunity cost of food is,
Unites states =
Canada =
Opportunity cost of television is,
Unites states =
Canada =
Since, opportunity cost of food is lower in the United states, United states will export food.
Opportunity cost of television is lower in Canada, Canada will export television to the United States.