-Agnes Can Produce Either 1 Unit of X or 1

question 425

Multiple Choice

-Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of Y is

• A) 1 unit of X per unit of Y for Agnes and 2 units of X per unit of Y for Brenda.
• B) 1 unit of X per unit of Y for Agnes and 1/2 unit of X per unit of Y for Brenda.
• C) 1 hour for Agnes and 1/2 hour for Brenda.
• D) 1 hour for Agnes and 2 hours for Brenda.

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Definitions:

Voluntary Response Bias

A bias that occurs in survey results when the respondents choose themselves to participate, potentially leading to non-representative samples.

Undercoverage

A bias in sampling that occurs when some members of the targeted population are inadequately represented in the sample.

Response Bias

The phenomenon where participants in research or surveys alter their responses due to non-random reasons, leading to skewed data.

Nonresponse Bias

Nonresponse Bias occurs when individuals who do not participate in a survey differ significantly from those who do, potentially skewing the results.