What Is the First Question That Should Be Asked in Determining

question 4

Multiple Choice

What is the first question that should be asked in determining whether a cross-sectional design or a longitudinal design should be used in a quantitative study?

• A) Is there an independent variable?
• B) What is the nature of the problem being studied?
• C) Will a measurement tool or instrument be needed?
• D) Can statistical analysis be applied to the study data?

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Definitions:

Total Cost

The sum of all costs incurred by a business in producing a certain quantity of a good or service.

Marginal Cost

The cost change associated with making an additional unit of a product, emphasizing the incremental expense in production activities.

Total Costs

The complete cost of production that includes both fixed and variable costs.

Average Total Costs

The total cost of production divided by the total number of units produced, representing the average cost per unit of output.