All of These Are Sources of Primary Data Except Which

question 22

Multiple Choice

All of these are sources of primary data except which?

• A) government publications
• B) observational data
• C) experiments
• D) social media
• E) panels

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Definitions:

Diminishing Marginal Returns

A principle stating that as one factor of production increases, while others stay constant, the additional output will eventually decline.

Marginal Cost

The expansion in total financial commitment from producing one extra unit of a product or service.

Total Cost

The aggregate expense incurred in the manufacture or delivery of a product, including all overheads.

Marginal Cost Curve

The marginal cost curve graphically represents the cost incurred in producing one additional unit of a good.