One Benefit of Using a Multifactorial ANOVA with Two or More

question 92

Multiple Choice

One benefit of using a multifactorial ANOVA with two or more factors is that it can detect _____ among the variables, whereas multiple direct comparisons of means cannot.

• A) violations of assumptions
• B) interactions
• C) a main effect
• D) significant differences

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Definitions:

AFC

Average Fixed Costs, which are total fixed costs divided by the quantity of output produced.

AVC

Average Variable Cost; the total variable costs divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost divided by the quantity of output produced, representing the per-unit production cost.

Marginal Product

The additional output derived from the addition of one more unit of a variable input, holding all other inputs constant.