Which of the Following Statements Explains a Panel Dropout

question 51

Multiple Choice

Which of the following statements explains a panel dropout?

• A)Panel members may not remain on the panel.
• B)Being on a panel may change a member's behavior.
• C)Panel members may not be representative of the underlying population.
• D)Attitudes and preferences of the panel members may change over the time.

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Definitions:

Marginal Utility

The extra pleasure or benefit a customer gets from purchasing an additional unit of a product or service.

Utility

The satisfaction or benefit derived by consuming a product or service.

Objectively Determined

Describes a value or decision made based on factual and unbiased criteria, removing personal feelings or opinions.

Indifference Schedule

An indifference schedule is a table or graph representing combinations of two goods among which a consumer is indifferent, showing how much of one good the consumer is willing to give up to obtain more of the other good.