A Codebook Contains Coding Instructions and the Necessary Information About

question 110

True/False

A codebook contains coding instructions and the necessary information about variables in the data set.It guides the coders in their work and helps the researcher to properly identify and locate the variables.

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Definitions:

Complements

Goods that are often consumed together, such that an increase in demand for one leads to an increase in demand for the other.

Substitutes

Goods or services that can replace each other in use or consumption, such that an increase in the price of one leads to an increase in demand for the other.

Marginal Revenue

Marginal revenue is the additional revenue that a firm gains from selling one more unit of a good or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.