If a Researcher Believes a Linear Relationship May Exist Between

question 18

Multiple Choice

If a researcher believes a linear relationship may exist between two variables,she will need to

• A) manipulate two or more independent variables.
• B) have a stronger manipulation than for a linear relationship.
• C) include more than two levels of the independent variable.
• D) measure more than one dependent variable.

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Definitions:

Purely Competitive Firm

A business that operates in a market where there are many buyers and sellers, and it has no control over the market price of its product.

Economic Profit

The difference between a firm’s total revenue and its opportunity costs (including both explicit and implicit).

Long-run Average Total Cost

The total cost per unit of output when all factors of production are variable, and economies of scale have been achieved.

Average Total Cost Curve

A graphical representation showing how the total cost of production per unit of output changes with the level of output.