Which of the Following Type(s)of Data Collection Allow(s)a Researcher to Determine

question 4

Multiple Choice

Which of the following type(s) of data collection allow(s) a researcher to determine causality?

• A)surveys
• B)experiments
• C)both surveys and experiments work equally well to determine causality

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Definitions:

Total Variable Cost

The total of all costs that vary with the level of production, such as materials and labor costs.

Total Fixed Cost

The sum of all costs that do not change with the level of production or output in the short term, such as rent or salaries.

Purely Competitive Market

A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit, leading to price taking behavior.

Marginal Cost

Marginal cost is the cost incurred by producing one additional unit of a product or service.