-Refer to the Figure Above

question 1

Multiple Choice

-Refer to the figure above. This diagram represents the tobacco industry. The socially optimal price and quantity exchanged are

• A) R19.00 and 38 units.
• B) R18.00 and 35 units.
• C) R16.00 and 42 units.
• D) R13.50 and 58 units.

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Definitions:

Internal Consistency

A measure of reliability of a psychological test or survey, based on the average correlation among items within the test or survey.

Similar Scores

Results or measurements that are almost the same or very close in value among different subjects or items.

Administered

The act of managing, directing, or applying something, often relating to the execution of policies, drugs, or tests.

Test Reliability

The degree to which the results of a test are consistent over time and an accurate reflection of the variable being measured.