Which of the Following Is Not a Condition Conducive to Observation

question 19

Multiple Choice

Which of the following is not a condition conducive to observation?

• A)The behavior of interest lasts over a long period of time.
• B)The behavior must not be repetitive.
• C)The behavior needs to be observable or inferable.
• D)(a)and (b)
• E)all of the above

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent or salaries.

Marginal Product

The increase in output that arises from an additional unit of input.

Economic Theory

The study of economies or economic systems, the behavior of economic agents, and the allocation of resources.

Workers' Wage

The monetary compensation paid to a worker for their labor.