(Table: Output and Costs) Look at the Table Output and Costs.Using

question 68

Multiple Choice

(Table: Output and Costs) Look at the table Output and Costs.Using the information in the table, when output equals four, total variable cost equals:

• A)48.
• B)38.
• C)58.
• D)28.

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Definitions:

Main Effect

In analysis of variance, when a factor or an independent variable has a significant effect upon the outcome variable.

ANOVA

Short for Analysis of Variance, a set of statistical techniques used to compare the means of three or more samples.

Factor

An element that contributes to a particular result or situation, often used as a variable in experiments and statistical analysis.

Levels

Distinct and gradated stages within a hierarchy or process.