If Output Is Rising Then Each of the Following Must

question 169

Multiple Choice

If output is rising then each of the following must be constant or rising except

• A)total cost.
• B)variable cost.
• C)marginal cost.
• D)fixed cost.

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Definitions:

Multiple Logistic Regression

A statistical technique used to model the probability of a certain class or event existing such as pass/fail, win/lose, alive/dead, based on multiple independent variables.

Explanatory Variables

Variables in a statistical model that are manipulated or chosen to determine their effect on the response variables of interest.

Logistic Regression

A statistical method for predicting binary outcomes by modeling the probability of a variable based on its logarithm.

Logistic Regression Model

A statistical method used for analyzing a dataset in which there are one or more independent variables that determine an outcome. The outcome is measured with a dichotomous variable (where there are only two possible outcomes).