Examlex
A researcher plans to collect a series of quantitative and qualitative data and then use this data to inform later rounds of data collection. This is an example of ______.
Marginal Benefit
The extra utility or satisfaction gained from the utilization or creation of one more unit of a product or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product or service, reflecting changes in variable costs.
Quintiles
A statistical value that divides a data set into five equal parts, often used in economic and social research to assess income distribution or other measurements.
Household Income
The combined gross income of all members of a household, typically measured annually.
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