Identify Data Sources. -A Locally Owned Spa, Alexander's, Is Interested in Adding a in Adding

question 9

Multiple Choice

Identify data sources.
-A locally owned spa, Alexander's, is interested in adding a tea room that not only
Offers specialty teas but an organic lunch menu. In order to determine how many of its
Regular customers would be interested in such an addition, Alexander's sent out a short e-
Mail questionnaire. The source of these data is

• A) the Internet.
• B) transactional.
• C) a designed survey.
• D) a designed experiment.
• E) secondary.

---

Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.

Total Variable Cost

The sum of all costs that vary with output level, including costs of labor, materials, and other inputs that change with the level of production.

Average Variable Cost

The variable cost per unit of output, computed by dividing total variable costs by the quantity of output produced.

Total Fixed Costs

The overall total of expenditures that remain steady, unaffected by how much is produced or outputted.