MUS Is Based on Which of Following

question 57

Multiple Choice

MUS is based on which of following?

• A)Attributes sampling.
• B)Classical variables sampling.
• C)Population variability sampling.
• D)Expected error sampling.

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Definitions:

Marginal Cost

The added expenditure resulting from the production of an extra unit of a good or service.

Socially Optimal

A condition or outcome that maximizes societal welfare, taking into account all costs and benefits to society as a whole.

Positive Externalities

Benefits that occur from a transaction or activity to third parties who are not directly involved in the transaction or activity.

External Costs

Costs of a transaction or activity that affect parties who did not choose to incur that cost and are not reflected in market prices, often necessitating government intervention.