Which of the Following Values Would Be the Correlation Coefficient

question 45

Multiple Choice

Which of the following values would be the correlation coefficient produced by a perfectly straight line sloping downward?

• A) +1
• B) -1
• C) +2
• D) -2

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Definitions:

Marginal Revenue Product

The increase in revenue resulting from the utilization of one more resource unit.

Wage Rate

The amount of compensation paid to employees per unit of time worked, often expressed per hour or year.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a particular input, assuming all other inputs remain constant.

Wage Rate

The amount of money a worker is paid per unit of time, such as an hour or a month.