Which of the Following Is NOT True When a Scale

question 65

Multiple Choice

Which of the following is NOT true when a scale is a ratio scale?

• A) The scale allows for comparison of the absolute magnitude of numbers.
• B) The zero point is established arbitrarily.
• C) If "a" is greater than "b" and "b" is greater than "c," then "a" is greater than "c."
• D) If "a" equals "b" and "b" equals "c," then "a" equals "c."
• E) The mode and the median are permissible measures of central tendency.

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Definitions:

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.

Output

Output refers to the total amount of goods and services produced by a company, industry, or economy within a given period.

Profit-Maximizing Price

The optimal selling price for a product or service that allows a company to achieve the highest possible profit.

Single Firm

A business or company that operates independently, not part of a larger conglomerate or group.