If Your Unit of Analysis Is the Individual but You

question 14

True/False

If your unit of analysis is the individual but you have a list both individuals and families, the families in the list will need to be disaggregated because they are a cluster.

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Definitions:

Total Utility

The overall satisfaction or pleasure a consumer receives from consuming a particular quantity of goods and services.

Slice of Pie

Often used metaphorically to represent a portion or share of something, such as profit or resources.

Marginal Utility

The additional satisfaction or utility received by a consumer from consuming one more unit of a good or service.

Macaroni And Cheese

A popular dish made typically from cooked macaroni pasta and a cheese sauce, often with added ingredients such as breadcrumbs or meat.