Units That Contain One or More Elements and That Are

question 19

Multiple Choice

Units that contain one or more elements and that are listed in a sampling frame are called ______.

• A)elements
• B)characteristics
• C)enumeration units
• D)sampling units

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Definitions:

Marginal Cost

The financial outlay required to produce a further unit of a product or service.

Pollution Abatement

Actions taken to reduce, control, or eliminate pollution from sources in order to protect the environment.

Marginal Utility

The supplementary utility or enjoyment obtained by consuming an additional unit of a good or service.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.