Which Set of Criteria Below Should Be Used to Judge

question 11

Multiple Choice

Which set of criteria below should be used to judge data quality?

• A) Data are accurate, balanced, and credible.
• B) Data are accurate, balanced, credible, and documented.
• C) Data are current, balanced, credible, and documented.
• D) Data are accessible, accurate, credible, and documented.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a product or service, used in economics to determine the optimum production level.

Output

The quantity of goods or services produced by a firm, sector, or economy.

Total Variable Costs (TVC)

TVC refer to the costs that vary directly with the level of output produced, including expenses such as materials and labor.

Marginal Cost

The cost of producing one additional unit of a product.