Correlational Research Is Useful for

question 18

Multiple Choice

Correlational research is useful for

• A) establishing causal relationships
• B) making predictions
• C) manipulating independent variables
• D) factorial-type designs

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Definitions:

Marginal Product

The additional output resulting from using one more unit of a particular input, holding other inputs constant.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Total Output

The total quantity of goods and services produced in an economy over a specific period of time.

Total Cost

The sum of fixed and variable costs incurred by a business in the production of goods or services.