To Determine Whether Changing One Variable (Like Education)results in Changes

question 117

Multiple Choice

To determine whether changing one variable (like education) results in changes in another (like income) ,we need to conduct ____________ research.

• A)survey
• B)correlational
• C)experimental
• D)naturalistic

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Definitions:

Selling Price

The amount at which a product or service is offered to the market.

Variable Cost

Expenses that change in proportion to the activity or volume of a business, such as raw materials and labor costs directly tied to production levels.

Average Variable Cost

This is the average amount of variable costs (costs that change with production levels) per unit produced.

Net Profits

The actual profit after working expenses not included in the calculation of gross profit have been paid.