Which of the Following Is a Disadvantage of Using Existing

question 26

Multiple Choice

Which of the following is a disadvantage of using existing sources of data for research?

• A) Researchers often seek answers to questions the data does not directly address.
• B) Researchers have to spend a great deal of time and money to get the data.
• C) Researchers do not have access to existing sources.
• D) Existing sources are irrelevant to the contemporary world because they are from a different time and place.

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Definitions:

Marginal Cost

The cost added by producing one additional unit of a product or service.

Marginal Revenue

The increase in total revenue resulting from the sale of one additional unit of a product or service.

Value of the Marginal Product

The additional revenue a firm generates from employing one more unit of input, keeping other inputs constant.

Marginal Productivity

The additional output generated by adding one more unit of a specific input, while holding all other inputs constant.