State a Research Question

question 53

Essay

State a research question.Decide which experimental method you will use-laboratory experiment,field experiment,survey experiment,and natural experiment.What is the independent variable and what is the dependent variable? Discuss how the independent variable will be manipulated and how the dependent variable will be measured.Discuss why you chose this method over the other three.In your answer,discuss the following: the extent to which the setting is artificial versus realistic,how well it tests abstract theories and concrete outcomes,the degree of internal and external validity,the amount of control the researcher has over the setting,and the ease with which participants can be randomly assigned to a condition.

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Definitions:

Average Fixed Costs

Costs that do not vary with the level of output and are averaged over the total number of units produced.

Marginal Costs

The expense associated with manufacturing an extra unit of a product or service.

TVC

The total expenses a firm incurs that increase or decrease with the level of output, essentially another term for total variable costs with a rephrased definition.

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced, reflecting the variable cost per unit.