Which of the Following Is True About Research Design

question 6

Multiple Choice

Which of the following is true about research design?

• A)Research design should be the first consideration in a research project.
• B)Research design should be selected after thoroughly considering the problem and research objectives.
• C)Research design decisions should be made after data analysis.
• D)Research design should be selected during the initial meeting with a client.
• E)Research designs should be made after data collection.

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Definitions:

Short Run

A time period in economics during which at least one input is fixed and cannot be changed.

Economic Profit

The difference between total revenue and both explicit and implicit costs; the profit that exceeds the opportunity cost of resources.

Perfectly Competitive Markets

Markets in which no individual buyer or seller has any significant impact on prices and products are perfect substitutes.

Minimum ATC

The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for a firm in the long run.