Virtually all firms expend resources to do precise calculations of marginal cost and marginal revenue for decision making.

Question

Quizplus · Accepted Answer

While firms do consider marginal cost and marginal revenue in decision-making, many do not perform precise calculations for every decision due to practical constraints like time, cost, and the complexity of accurately estimating these values in dynamic markets.

Virtually All Firms Expend Resources to Do Precise Calculations of Marginal