You Have Just Completed an Extensive Study Investigating the Differences

question 35

Multiple Choice

You have just completed an extensive study investigating the differences in play behaviors during childhood. However, as you now review your data, you find that you are not able to consider possible past influences or determinants of age-related changes nor do you have information on developmental patterns of individual children. Which design did you use?

• A) Naturalistic design
• B) Cross-sequential design
• C) Cross-sectional design
• D) Longitudinal design

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Definitions:

ATC

Stands for Average Total Cost, a metric that represents the per-unit total cost of production, including both fixed and variable costs.

MR

Short for Marginal Revenue, the increase in total revenue a firm receives from selling one additional unit of a good or service.

Economic Profits

The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used.

Fixed Costs

Costs that do not change with the level of output produced by a firm, such as rent and salaries.