If You Were Going to Construct a Questionnaire to Determine

question 92

Multiple Choice

If you were going to construct a questionnaire to determine "consumer confidence," you might be advised to ask all of the following questions except for .

• A) "Do you plan to buy a car in the next year?"
• B) "Would you say that you and your family are better off or worse off financially than a year ago?"
• C) "Do you think the GDP growth rate will be as predicted at the beginning of the year?
• D) "Will you be better off or worse off a year from now?"
• E) "Are you happy with your job?"

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a product or service, crucial in determining the optimal level of output for a company.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.

Oligopolistic Firm

A company operating in an oligopoly market structure, characterized by a few firms dominating the market, leading to specific behaviors like pricing collusion or competition.

Price Charge

The amount of money demanded by a seller for a product or service, essentially the cost to the buyer.