Of the Following Survey Methods, Which Is the Most Costly

question 53

Multiple Choice

Of the following survey methods, which is the most costly approach?

• A) Mail survey
• B) Door to door personal interview
• C) Telephonic interview
• D) Internet survey

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Definitions:

Decreasing Returns to Scale

Decreasing returns to scale occur when increasing the inputs used in production results in a less than proportional increase in output.

Total Cost

The aggregate of expenses involved in creating goods or delivering services, covering both stable and changeable costs.

Producing Bagels

The process of making bagels, involving mixing, shaping, boiling, and baking dough in a manner specific to this type of bread.

Marginal Cost

Marginal cost is the additional cost incurred from producing one more unit of a good or service.