Which of the Following Is Not True of a 2

question 49

Multiple Choice

Which of the following is not true of a 2 x 2 interaction factorial design?

• A) There may be 2 significant main effects and 2 significant interactions.
• B) There may be 1 significant main effect,1 non-significant main effect,and 1 significant interaction.
• C) There may be 2 non-significant main effects and 1 significant interaction.
• D) There may be 2 significant main effects and 1 significant interaction.

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Definitions:

Marginal Product

The additional output resulting from the use of one more unit of a factor of production.

Labor

Human effort used in the production of goods and services.

Perfect Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to enter or exit the market, and perfect knowledge of prices and technology.

Marginal Product

The additional output produced as a result of employing one more unit of a particular input while keeping other inputs constant.