The Key Difference Between Deductive Reasoning and Inductive Reasoning Is

question 44

Multiple Choice

The key difference between deductive reasoning and inductive reasoning is:

• A) In deductive reasoning, the conclusion must be true if the premises are true
• B) In deductive reasoning, the conclusion will usually be true if the premises are true
• C) In inductive reasoning, the conclusion must be true if the premises are true
• D) In deductive reasoning, the researcher makes probabilistic generalizations

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Definitions:

Total Cost

The aggregate sum of all costs, both fixed and variable, incurred in the production of goods or services.

Output

The total amount of goods or services produced by a company, industry, or economy in a given period.

Total Fixed Cost

The total of all expenses that stay unchanged no matter the production volume or output in the short term.

Total Variable Cost

The total of all costs that vary directly with the level of output or production in the short term.