How Are Changes in Opportunity Cost Predicted to Affect Behavior

question 153

Multiple Choice

How are changes in opportunity cost predicted to affect behavior?

• A) The lower the opportunity cost of doing X,the less likely X will be done.
• B) The higher the opportunity cost of doing X,the less likely X will be done.
• C) The lower the opportunity cost of doing X,the more likely X will be done.
• D) a and c
• E) b and c

---

Definitions:

ANOVA Table

A table used in analysis of variance that shows the sources of variability in the data and helps in determining whether there are significant differences between group means.

Pooled Standard Deviation

A method for estimating the standard deviation across two or more independent groups that assumes a common true standard deviation.

One-Way ANOVA

A specific type of ANOVA that analyzes the influence of a single independent variable on a dependent variable across two or more groups.

ANOVA Table

A table used to summarize data analysis results from an Analysis of Variance, which tests differences between means in various groups.