Which of the Following Statements Is Correct

question 58

Multiple Choice

Which of the following statements is correct?

• A)If the profit-maximizing rule is fulfilled, it necessarily follows that the cost-minimization rule is being fulfilled.
• B)The profit-maximizing and the cost-minimizing rules are such that fulfilling one has no bearing on fulfilling the other.
• C)If the profit-maximizing rule is fulfilled, the cost-minimization rule may or may not be fulfilled.
• D)If the cost-minimization rule is fulfilled, it necessarily follows that the profit-maximizing rule is being fulfilled.

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Definitions:

Critical Value

A point on the test distribution that is compared to the test statistic to decide whether to reject the null hypothesis.

Degrees of Freedom

Refers to the number of independent values or quantities which can be assigned to a statistical distribution or a statistical test.

DfBG

Degree of Freedom Between Groups, a statistical parameter used in ANOVA to determine the variability among group means.

DfWG

Degrees of freedom within groups, referring to the number of independent values in the calculation of variance within groups.