Who conducted the study in the 1940s that surveyed entrepreneurs to determine whether they used marginal analysis in choosing their production levels?
A) Milton Friedman
B) Fritz Machlup
C) Michael Kalecki
D) Richard Lester
E) R. L. Hall

Question

Quizplus · Accepted Answer

Richard Lester conducted a study in the 1940s that surveyed entrepreneurs about their use of marginal analysis in decision-making, revealing that many did not use formal economic models in their production decisions.

Who Conducted the Study in the 1940s That Surveyed Entrepreneurs