Classifying Students into Whether They Are Good, Fair, or Poor

question 108

True/False

Classifying students into whether they are good, fair, or poor speakers is an example of ordinal scaling.

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Definitions:

Full Capacity

The maximum level of output that a facility can produce under normal operating conditions.

Marginal Cost

The increase in total production costs from making one additional unit of a product or service.

Producing Unit

An individual entity, such as a factory or company, involved in the production of goods or services.

Marginal Revenue

The additional income received from selling one more unit of a good or service.