Byron Is a Sociologist Who Studies Social Change

question 78

Multiple Choice

Byron is a sociologist who studies social change. In his study of the election of a new congressional representative for his district, Byron concluded that "Representative Phillips will inevitably be harmful for the working-class people of our district." What error did Byron make in his study?

• A) He failed to interview the representative.
• B) Rather than just explaining the change, he made a judgment about it.
• C) He failed to inform Representative Phillips of his conclusion before releasing it to the public.
• D) He should have used both qualitative and quantitative data in his study.

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Definitions:

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, holding all other factors constant.

Law of Diminishing Returns

This economic law states that after a certain point, successive increments of a single factor of production yield progressively smaller increases in output.

Competitive Market

A market environment where numerous producers and consumers interact, leading to price competition and variety in products.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, such as labor or capital, in the production process.