Use the Figure to Answer the Following Question(s)

question 220

Multiple Choice

Use the figure to answer the following question(s) .
Figure 11-7

The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?

• A) price, $7; quantity produced, 100
• B) price, $10; quantity produced, 170
• C) price, $14; quantity produced, 100
• D) price, $7; quantity produced, 200

---

Definitions:

Convenience Samples

Non-random samples chosen based on availability or ease of access, which may not be representative of the entire population.

Sample Bias

A bias that occurs in research when the sample is not representative of the population from which it was drawn, potentially leading to skewed and unreliable results.

Research Participants

Individuals or entities who take part in scientific studies, contributing data through their experiences or reactions.

Qualitative Research

A research strategy focused on understanding phenomena through the analysis of non-numerical data, such as interviews, observations, and texts.