The Reference Base Is the Number of Respondents or Observations

question 43

True/False

The reference base is the number of respondents or observations (in a row or column) used as a basis for computing percentages in a cross-tabulation.

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Definitions:

Output

The cumulative output of goods and services from a company or an economic system.

Average Total Cost

The total cost of production divided by the total number of units produced, representing the per unit cost of production.

Average Variable Cost

The cost of labor, materials, and other inputs that change with the level of output, averaged over the quantity produced.

Output

The total amount of goods and services produced by an economic entity in a specific period.