What are the problems with experimentation? What will be an ...

[Collmarie]

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.

[ambernicolefink]

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]

Thanks for the timely response, appreciate it

[mohan]

Wow, this really help