The Owners of the Syfy Channel Are Interested in Whether

question 25

Multiple Choice

The owners of the Syfy channel are interested in whether watching the Syfy channel causes people to become "geeky," and if so, whether any such effects depend on a person's gender.They hire a researcher to design and carry out the appropriate study.The researcher randomly assigns an equal number of men and women to watch 0, 3, 5, or 9 hours of the Syfy channel each week for 6 weeks.What is(are) the main effect(s) being tested in the study?

• A) gender
• B) hours of Syfy watched
• C) gender and hours of Syfy watched
• D) hours of Syfy watched and "geekiness"

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Definitions:

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.

Maximum Willingness

Describes the highest amount a consumer is willing to pay for a good or service, reflecting the maximum value they derive from it.

Producer Surplus

The discrepancy between the acceptable payment to producers for a good or service and the real compensation they receive.

Consumer Surplus

The variance between the sum consumers are ready and able to spend on a good or service and what they really pay.