Consider the Following Graphic Results from a 2 2 Factorial

question 68

Multiple Choice

Consider the following graphic results from a 2 2 factorial experiment. These results show _________.

• A) there are no significant main effects or interaction effects
• B) there is a significant main effect for factor A , no other significant effects
• C) there is a significant main effect for factor B , no other significant effects
• D) there is a significant interaction effect, no other significant effects

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Short-Run Supply

The supply of goods or services that can be adjusted in a relatively short period to meet changes in demand.

Long-Run Supply

The total quantity of goods or services that producers are willing and able to supply over a long period, considering all inputs and production costs are variable.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).