How Should a Research Consumer Evaluate Sample Size in a Research

question 15

Multiple Choice

How should a research consumer evaluate sample size in a research report?

• A) By asking how many assistants were involved in data collection
• B) By asking how representative the sample is relative to the target population
• C) By asking how great the outcome difference is between or among study groups
• D) By asking how many previous studies the researcher has conducted before on similar topics

Understand and apply the concept of economies of scope in joint production decisions.

Analyze the influence of technological changes on production possibilities and cost structures.

Calculate and interpret the effects of environmental regulations on firm costs and production decisions.

Understand the principles of input mixing in production to achieve optimal output levels.