Determine Whether Each of the Following Is a Factor Which

question 86

Essay

Determine whether each of the following is a factor which helps to determine the shape of the short-run average cost curve or the long-run average cost curve.
a)Economies of scale.
b)Diminishing returns.
c)Fixed cost.
d)Decreasing returns to scale.
e)Price of labour.

Recognize the importance and methods of ensuring a sample is representative of a population.

Understand the distinction between hypotheses and theories and their roles in scientific research.

Identify the purpose and benefits of a double-blind study.

Understand the ethical considerations in conducting research, including the use of deception.

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