Putting Participants in One of Two Conditions by Flipping a Coin

question 53

Multiple Choice

Putting participants in one of two conditions by flipping a coin illustrates

• A)random sampling.
• B)sampling bias.
• C)random assignment.
• D)representative sampling.

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Definitions:

Average Variable Costs

an economic measure representing variable costs (expenses that change with production levels) averaged over a quantity of output.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as the production volume is increased.

Average Variable Cost Curve

A graph that displays how the variable cost per unit changes with changes in output level.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as the production level increases.