Solved

One of the Interesting Findings of a Survey of Firm

Question 77

Multiple Choice
One of the interesting findings of a survey of firm managers by Blinder et al.is that:
A)the vast majority of firms pay considerable attention to marginal costs in making decisions about how much output to produce.
B)the majority of respondents suggested that fixed costs are a relatively unimportant consideration when making output decisions.
C)approximately 75 percent of respondents indicated that their marginal costs of production are rising over the relevant range of output.
D)a significant percentage of respondents to the survey did not appear to understand the concept of marginal cost.

One of the interesting findings of a survey of firm managers by Blinder et al.is that:


A) the vast majority of firms pay considerable attention to marginal costs in making decisions about how much output to produce.
B) the majority of respondents suggested that fixed costs are a relatively unimportant consideration when making output decisions.
C) approximately 75 percent of respondents indicated that their marginal costs of production are rising over the relevant range of output.
D) a significant percentage of respondents to the survey did not appear to understand the concept of marginal cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents