Which of the Following Statements Uses the Term Ceteris Paribus

question 23

Multiple Choice

Which of the following statements uses the term ceteris paribus correctly?

• A) In economics,there are numerous theories,ceteris paribus.
• B) New York City is a major American city,ceteris paribus.
• C) The price of pineapples is low in Hawaii,ceteris paribus.
• D) The more ice cream you eat,the more weight you will gain,ceteris paribus.
• E) none of the above

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Definitions:

R-Squared

A statistical measure representing the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Mixed Cost

A cost that contains both variable and fixed cost elements.

Account Analysis

A method used in accounting to evaluate and break down the detailed costs of an account into its various components.

High-Low Method

A technique used to estimate variable and fixed components of a cost by analyzing the highest and lowest activity levels.