Nonresponse Bias Occurs When

question 8

Multiple Choice

Nonresponse bias occurs when

• A)the population from which the sample is taken is too small
• B)response rate is lower than anticipated
• C)those returning a survey differ in some important way from the initial sample
• D)those responding to a survey fail to answer a significant number of questions on the survey

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Definitions:

Average Variable Cost

The total variable costs (costs that change with the level of output) divided by the quantity of output produced.

Losing Money

The process where expenses exceed revenues, resulting in financial loss for a business or individual.

Shutdown

The process of ceasing operations, either temporarily or permanently, often as a result of economic difficulties or strategic business decisions.

Long-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a long period, when all inputs can be varied.