A Closed-Ended Question

question 7

Multiple Choice

A closed-ended question

• A)requires the interviewee to produce something spontaneously.
• B)cannot be answered specifically.
• C)gives the interviewee wide latitude in choosing the topics that he or she feels is important.
• D)generally requires the person to recall something.

---

Definitions:

Average Revenue

Average revenue refers to the amount of money generated per unit of product sold, calculated by dividing total revenue by the number of units sold.

Marginal Cost

The additional expenditure required to produce one more unit of a product or service.

Marginal Revenue

The additional income that is generated from selling one more unit of a good or service.

Marginal Cost

The financial outlay for producing a subsequent unit of a product or service.