Which of the Following Is FALSE

question 10

Multiple Choice

Which of the following is FALSE?

• A) Interval scales allow researchers to compare the absolute magnitude of numbers.
• B) A ratio scale differs from an interval scale in that the ratio scale has a natural zero.
• C) Determination of absolute zero is difficult with measurements in marketing.
• D) Both a and b
• E) a, b, and c.

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Definitions:

Equilibrium Wage

The rate of wages where the supply of workers equals the demand for workers.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, while holding other inputs constant.

Marginal Product

The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.

Market Price

The current price at which an asset or service can be bought or sold.