Author Question: What are the problems with experimentation? What will be an ideal ... (Read 82 times)

Collmarie · **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.

ambernicolefink · **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