Any Method of Sampling for Which the Probability of Selecting

question 36

Multiple Choice

Any method of sampling for which the probability of selecting a sample can not be computed is termed

• A)probability sampling
• B)nonprobabilistic sampling
• C)unknown population sampling
• D)None of these alternatives is correct.

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Definitions:

ATC Curve

In economics, the Average Total Cost curve is a graphical representation that shows the per-unit cost of production (total cost divided by the quantity produced) at different levels of output.

ATC Curve

The ATC Curve, or Average Total Cost curve, represents the average cost per unit of output, calculated by dividing total cost by the quantity of output produced.

AVC Curve

Short for average variable cost curve, it represents the variable cost per unit of output.

Marginal Cost

Marginal Cost is the cost incurred to produce one additional unit of a product or service, crucial for decision-making on production levels and pricing strategies.