In Reality, the Profit- Maximization Rule to Set Marginal Revenue

question 43

Multiple Choice

In reality, the profit- maximization rule to set marginal revenue equal to marginal cost, is a(n) _______rather than a(n) _______.

• A)obtainable goal; operational rule
• B)operational rule; goal
• C)operational rule; target
• D)target; operational rule

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Definitions:

Content Validity

The extent to which a test measures all aspects of the concept or construct it is intended to assess.

Internal Consistency Validity

A measure of whether items on a test are all assessing the same construct.

Interrater

An assessment of the degree to which different raters or observers give consistent estimates or judgments of the same phenomenon.

Parallel Forms

A method of reliability testing in which different versions of a test are administered to the same individuals at different times to measure consistency between the forms.