In a ________,The Population Is Divided into Mutually Exclusive Groups

question 83

Multiple Choice

In a ________,the population is divided into mutually exclusive groups (such as blocks) ,and the researcher draws a sample of the groups to interview.

• A)stratified random sample
• B)cluster sample
• C)simple random sample
• D)quota sample
• E)convenience sample

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Definitions:

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Total Revenue

The total amount of income generated by the sale of goods or services before any expenses are subtracted.

Nash Equilibrium

A situation in game theory where each player’s strategy is optimal given the strategies of all other players, resulting in a stable outcome.

Marginal Cost

The cost of producing one more unit of a good or service, crucial for decision-making in business operations and pricing.