DrRabias Has Been Conducting a Research Study

question 15

Multiple Choice

Dr.Rabias has been conducting a research study.He asked participants to complete a very long questionnaire and is now analyzing the data.He wants to determine whether different items on the test correlate with each other,and fall into clusters or sets.Dr.Rabias will likely be using a ___.

• A) specific factor analysis
• B) general factor analysis
• C) factor analysis
• D) t-test factor analysis

---

Definitions:

MR

Marginal Revenue is the additional income generated from the sale of one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product, which varies depending on the level of production.

Marginal Revenue

The gain in revenue from disposing of one additional unit of a good or service.

Price Elasticity

An indicator of the responsiveness of the quantity of a product demanded to its price change, represented in terms of percentage variation.