The Following Is Part of the Printout from an SPSS

question 27

Multiple Choice

The following is part of the printout from an SPSS analysis of data on paired samples.  Use it to answer the next several questions.

The 2-tailed significance level tells us

• A) the difference is not significant at the .05 level.
• B) the difference is significant at the .05 level.
• C) the means of the pre- and post-scores are large.
• D) We can't tell whether the difference is significant or not.

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Definitions:

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

ATC

Stands for Average Total Cost, a metric that represents the per-unit total cost of production, including both fixed and variable costs.

MR

Short for Marginal Revenue, the increase in total revenue a firm receives from selling one additional unit of a good or service.

Economic Profits

The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used.