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Qualitative Research Methods Collect Empirical Data and Use Large Representative

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Qualitative research methods collect empirical data and use large representative samples so that statistical analyses can be performed and generalization of the results can be made.


Definitions:

Marginal Product

The increase in output resulting from a one-unit increase in the use of a particular input, while holding other inputs constant.

Average Product

The output produced, on average, by each unit of a variable input, such as labor or capital, in the production process.

Total Product

Total product refers to the total quantity of output that a firm produces over a given period, typically in relation to varying levels of input.

Marginal Product

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

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