What Are the Problems Encountered by Using Revenues as a Proxy

question 129

Multiple Choice

What are the problems encountered by using revenues as a proxy for output?

• A) Revenues are distorted by changes in relative prices of service outputs.
• B) Many services produce both tangible and intangible outputs.
• C) Services produce only tangible outputs.
• D) There are no problems encountered.
• E) A and B only

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Definitions:

Methylpropane

Another term for isobutane, a branched alkane with the formula \(C_4H_{10}\), used as a refrigerant and a propellant in aerosol sprays.

Methyl Isobutyrate

An organic compound with the formula C5H10O2, used as a flavoring agent and solvent.

Acid Chloride

Organic compounds belonging to the acyl chloride group, characterized by a carbon-oxygen double bond connected to a chlorine atom, used as intermediates in organic synthesis.

2° Amine

A type of amine where the nitrogen atom is attached to two alkyl or aryl groups and one hydrogen atom.