Think About the U

question 15

Multiple Choice

Think about the U.S.Census.When this information is used by an advertising agency to better understand demographic trends,it is considered to be ________ research.

• A)primary
• B)secondary
• C)tertiary
• D)proprietary
• E)confidential

---

Definitions:

Competitive Firm

A firm that operates in an environment where no single firm can influence the market price of its product.

Marginal Product

It refers to the increase in output that arises from an additional unit of input, highlighting the incremental gains in production.

Marginal Profit

Marginal profit is the increase in profit that results from selling an additional unit of a product or service.

Marginal Product

The additional output resulting from one more unit of a particular input, showing the contribution of that input to total production.