Which of the Following Types of Variables Cannot Be Continuous

question 39

Multiple Choice

Which of the following types of variables cannot be continuous?

• A) nominal variables
• B) independent variables
• C) dependent variables
• D) quantitative variables

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Definitions:

Profit Maximization

The process or strategy of adjusting production and sale operations to achieve the highest possible profit.

Production Function

Describes the relationship between inputs used in production and the output generated from those inputs.

Output

The total amount of goods or services produced by a firm or economy over a specific period.

Marginal Product

The additional output that results from using one more unit of a production input, keeping all other inputs constant.