If Option a Costs $40 and Yields 20 Units of Output,and

question 73

Multiple Choice

If Option A costs $40 and yields 20 units of output,and Option B costs $50 and yields 30 units of output,

• A) Option B and Option A are equally economically efficient.
• B) Option B is economically efficient relative to Option A.
• C) Option A is economically efficient relative to Option B.
• D) It is not possible to determine which option is more economically efficient.

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Definitions:

Random Assignment

A method used in experiments to assign participants to different groups in a way that each participant has an equal chance of being placed in any group.

Random Sample

A method of selecting a sample from a population in which every individual has an equal chance of being chosen.

Confounds

Variables that researchers fail to control or eliminate, which can cause a misunderstanding of the causal relationship in a study.

Operational Definitions

Clearly defined criteria or measures used to describe and quantify a concept or variable in research.