While Analyzing Qualitative Data,research Assistant Evan Evangelista Made a First

question 12

Multiple Choice

While analyzing qualitative data,research assistant Evan Evangelista made a first pass through his notes.He read slowly and put a preliminary label in the notes to identify themes in the data.Evan was using

• A)open coding.
• B)axial coding.
• C)selective coding.
• D)contingency coding.
• E)divergent coding.

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Definitions:

Long-run Equilibrium

A state in market-based economies where all factors of production are fully utilized, leading to no further economic incentive for reallocation.

Minimized Average Total Cost

The point at which a firm achieves the lowest possible cost per unit of production by optimizing the scale of production.

Price

The amount of money required to purchase a good or service, often determined by supply and demand dynamics.

Long-run Equilibrium

A situation in competitive markets where all firms have adjusted to a state where there is no incentive to enter or exit the market, and economic profits are zero.