Touchie MacFeelie's Production Function Is , Where J Is

question 13

Multiple Choice

Touchie MacFeelie's production function is , where J is the number of old jokes used and L is the number of hours of cartoonists' labor. Touchie is stuck with 400 old jokes for which he paid 2 dollars each. If the wage rate for cartoonists is 5 dollars, then the total cost of producing 54 comics books is

• A) 1,205 dollars.
• B) 1,807.50 dollars.
• C) 602.50 dollars.
• D) 1,259 dollars.
• E) 301.25 dollars.

---

Definitions:

Content Validity

The extent to which a test measures all aspects of the concept or construct it is intended to assess.

Internal Consistency Validity

A measure of whether items on a test are all assessing the same construct.

Interrater

An assessment of the degree to which different raters or observers give consistent estimates or judgments of the same phenomenon.

Parallel Forms

A method of reliability testing in which different versions of a test are administered to the same individuals at different times to measure consistency between the forms.