When Participants Choose Not to Complete a Study, This Is

question 43

Multiple Choice

When participants choose not to complete a study, this is ______.

• A) attrition/mortality
• B) abrasion
• C) transience
• D) nonresponse error

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Definitions:

Short-Run Average Total Cost

Short-run average total cost is the total cost of production (fixed and variable costs) divided by the total output produced, calculated when at least one factor of production is fixed.

Economies

The large set of interrelated production and consumption activities that aid in determining how scarce resources are allocated.

Diseconomies

Circumstances where increasing the scale of production leads to higher per-unit costs, often due to inefficiencies gained at larger scales.

Average Total Costs

The average cost per unit is calculated by dividing the entire production cost by the quantity of units produced.