An Advantage of Naturalistic Observation Is That It

question 110

Multiple Choice

An advantage of naturalistic observation is that it

• A)is free from observer bias.
• B)provides explanations for many behaviors.
• C)is not affected by the presence of the observer.
• D)studies behavior in its actual setting.

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Definitions:

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Average Variable Cost

The total variable costs divided by the quantity of output produced; it varies with output levels.

Average Total Cost

The per-unit production cost, calculated by dividing the overall production expenses by the number of units produced.

Price Taker

An economic term for a market participant that accepts the prevailing prices without influencing them.