Which Treatment of Unsatisfactory Responses Is Desirable If (1) the Number

question 117

Multiple Choice

Which treatment of unsatisfactory responses is desirable if (1) the number of respondents with unsatisfactory responses is small; (2) the proportion of unsatisfactory responses for each of these respondents is small; or (3) the variables with unsatisfactory responses are not the key variables?

• A) assigning missing values
• B) classifying and counting questionnaires accordingly
• C) discarding unsatisfactory responses
• D) returning to the field to get better data

---

Definitions:

Marginal Private Benefit

Marginal Private Benefit is the additional benefit or satisfaction received by consumers or producers for consuming or producing one more unit of a good or service.

Marginal Private Cost

The cost incurred by a firm or individual resulting from producing one more unit of a good, excluding externalities or effects on third parties.

External Benefits

External benefits refer to the positive effects or advantages that a product or activity imparts on individuals or society who are not directly involved in the production or consumption of the good.

Network Externalities

The effect on a user of a product or service that results from an increase in the number of other users of the same or compatible products or services.