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Imagine you have created a new personality questionnaire and you are worried about social desirability influencing people's responses.Which of the following would minimize the impact of this potential problem?
Long Run
A period during which all factors of production and costs are variable, allowing for the adjustment of all inputs and the adoption of new technology.
Marginal Output
The additional output produced as a result of using one more unit of a particular input while keeping other inputs constant.
Variable Costs
Costs that change in proportion to the level of output or business activity.
Total Revenue
The overall income generated by a firm from its sales activity, calculated as the quantity sold multiplied by the selling price.
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