1) In a relationship among total, average and marginal products, where TP is maximized: * A)AP is maximized B)AP is equal to zero C)MP is equal to zero D)MP is maximized Q2) The method which can give some information in estimating demand of a product that hasn’t yet come to market is: * a)a statistical demand analysis B)the consumer survey C)market experimentation D)plotting the data 3) An example of a time series data set is one for which the: * 1)data would be collected for a given firm for several consecutive periods (e.g., months). 2)data is created from a random number generation program. 3)data would be collected for several different firms at a single point in time. 4)regression analysis comes from data randomly taken from different points in time.

1) In a relationship among total, average and marginal products, where TP is maximized: * A)AP is maximized B)AP is equal to zero C)MP is equal to zero D)MP is maximized Q2) The method which can give...

In a relationship among total, average and marginal products, where TP is maximized: *

A)AP is maximized

B)AP is equal to zero

C)MP is equal to zero

D)MP is maximized

Q2)

The method which can give some information in estimating demand of a product that hasn’t yet come to market is: *

a)a statistical demand analysis

B)the consumer survey

C)market experimentation

D)plotting the data

An example of a time series data set is one for which the: *

1)data would be collected for a given firm for several consecutive periods (e.g., months).

2)data is created from a random number generation program.

3)data would be collected for several different firms at a single point in time.

4)regression analysis comes from data randomly taken from different points in time.

Jun 10, 2022