Exhibit 13-4: the Following Are the Results of Three Factor

question 7

Multiple Choice

Exhibit 13-4: The following are the results of three factor analyses from tests 1 and 2.Data shown are factor loadings.
$\begin{array}{llllll}&\text { Test 1} &&&\text { Test 2} \\&\text {Factor}&&&\text {Factor}\\\text { Subtests }&A& B &C&A& B \\\\\text { Math computation } & .05 & .22 & .20 & .15 & .45 \\\text { Math concepts } & .08 & .18 & .15 & .20 & .85 \\\text { Math applications } & 10 & .15 & .12 & .12 & .89 \\\text { Math principles } & .01 & .10 & .09 & .10 & .84 \\\text { Reading comprehension } & .90 & .38 & .52 & .09 & .10 \\\text { English } & .78 & .62 & .25 & .38 & 21\end{array}$
-Refer to Exhibit 13-4.Which test and factor appear to best measure what might be called a verbal ability?

• A) Test 1, Factor A
• B) Test 1, Factor C
• C) Test 2, Factor A
• D) Test 2, Factor B

Distinguish between variable and fixed costs.

Calculate total revenue, total cost, and profit for a firm in a perfectly competitive market.

Recognize the significance of Average Total Cost (ATC), Average Variable Cost (AVC), and Marginal Cost (MC) curves for decision making in the short run.

Understand the principle of marginal revenue equaling marginal cost in profit maximization.