If a Questionnaire Says "Small College Classes Are Better Places

question 54

Multiple Choice

If a questionnaire says "Small college classes are better places to learn effectively: (choose) 1__ Strongly disagree, 2__ Disagree, 3__ Neither agree nor disagree, 4__ Agree, 5__ Strongly agree," the researcher would be using which of the following to discover data?

• A) Thematic Appreciation Test (TAT)
• B) multiple choice
• C) Likert scale
• D) semantic differential
• E) dichotomous question

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Definitions:

Marginal Profit

The increase in profit that results from selling one additional unit of a product.

Perfect Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed that buyers are willing to pay, capturing the entire consumer surplus.

First-degree Price Discrimination

A pricing strategy where a seller charges the maximum possible price for each unit consumed, tailored to the buyer's willingness to pay.

Incremental Revenue

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