Examlex
The concept of validity refers to how well a test measures what it is intended to measure. A specific type of validity that measures whether the items on a test measure all the knowledge or skills that are assumed to be part of the construct measured by a test is called _____________.
Marginal Cost
Marginal cost is the increase in total production cost that arises from producing one additional unit of a product or service.
Subsidy
A financial contribution granted by the government or a public body to help an industry or business keep the price of a commodity or service low.
Marginal Costs
The increase in cost resulting from the manufacture of one additional unit of a good or service.
Decreasing Costs
Situations in which costs diminish as the level of production or scale of operations increases.
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