Dr Kincaid Noted in Class This Morning While Discussing Factorial

question 92

Multiple Choice

Dr. Kincaid noted in class this morning while discussing factorial design that sometimes the effects of one independent variable will have a reverse influence across levels of the other variable. This is referred to as a:

• A) carryover effect.
• B) crossover interaction.
• C) testing effect.
• D) hybrid design.

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Definitions:

Wage Rate

The amount of compensation paid to an employee by an employer for a unit of time worked, which can be expressed per hour, day, or other time unit.

Marginal Product

The additional output resulting from the use of one more unit of a factor of production.

Marginal Revenue Product Schedule

A representation that shows how the additional revenue generated changes with the addition of one more unit of a resource.

Marginal Revenue Product Curve

A graphical representation that shows the additional revenue generated by employing one more unit of a resource, such as labor.