Examlex

Solved

Information Collected from Online Databases on the Internet Is an Example

question 81

Short Answer

Information collected from online databases on the Internet is an example of ________ data.
primary
secondary
observational
experimental
ethnographic


Definitions:

Fixed Cost

Costs that do not change with the level of production or output, such as rent or salaries.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Average Total Cost

The total cost of production divided by the number of units produced, indicating the average cost per unit.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.

Related Questions