Initial Attraction Is Most Likely to Be Based Largely on Looks,dress,and

question 23

True/False

Initial attraction is most likely to be based largely on looks,dress,and social status.

Recognize the limitations of correlational studies in determining causality.

Understand the basics of experimental design and how it differs from correlational studies.

Identify and explain the role of confounding variables in experimental research.

Appreciate the importance of statistical analyses in interpreting research findings.

---

Definitions:

Average Total Cost

A firm’s total cost divided by output (the quantity of product produced); equal to average fixed cost plus average variable cost.

Economies of Scale

Cost advantages that a business obtains due to expansion, leading to a reduction in the average cost per unit through increased production.

Diseconomies of Scale

The situation in which a business grows to a point where the costs per unit increase, opposed to saving costs, often due to managerial inefficiencies or complexity.

Constant Returns to Scale

A situation in which increasing the amount of all inputs used in production by a certain factor results in output increasing by the same factor.