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Author Question: What are the problems with experimentation? What will be an ideal ... (Read 64 times)

Collmarie

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on: Jun 29, 2018
What are the problems with experimentation?
 
  What will be an ideal response?

Question 2

If the marginal revenue of a producer exceeds his marginal cost:
 
  A) profit is maximized.
  B) profit is minimized.
  C) additional production enhances profits.
  D) additional production reduces profits.


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ambernicolefink

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Reply #1 on: Jun 29, 2018
Answer to Question 1

There are three main problems associated with experimentation. They are:
a) Experiments can get very costly to conduct.
b) Experiments do not provide immediate answers to a number of important questions.
c) Experiments are sometimes conducted poorly, which can lead to inefficient results.

Answer to Question 2

C


Collmarie

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Wow, this really help

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