All of the Following Are Important to Replication Across Different

question 196

Multiple Choice

All of the following are important to replication across different situations and people except to

• A) test if results are true across different types of people.
• B) test if results are true for different situations.
• C) test if results are externally valid across people and situations.
• D) enhance the internal validity of all experiments through random selection and assignment.

---

Definitions:

Rental Price

The cost paid periodically by a lessee to use the assets of another entity.

Marginal Product

The additional output that is produced by using one more unit of a factor of production, all other inputs remaining constant.

Profit

Total revenue minus total cost.

Diminishing Marginal Product

The principle that as more of a variable input is added to a fixed input, the additional output produced from each new unit of input will eventually decrease.