What Variables Are Essential to Research

question 65

Multiple Choice

What variables are essential to research?

• A)the independent variable and the subject variable
• B)the independent variable and the dependent variable
• C)the dependent variable and the subject variable
• D)the predicted variable and the subject variable

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Definitions:

Quantity Demanded

The specific amount of a good or service that consumers are willing and able to purchase at a particular price.

Economic Profits

Profits calculated by subtracting both the explicit and implicit costs from total revenues, representing the additional value created beyond all opportunity costs.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the additional output will eventually decrease.

Biodegradable Plastic

A type of plastic that decomposes naturally by the action of living organisms, such as bacteria, making it environmentally friendly.