1. Which of the limits the usefulness of surveys for finding a demand curbea. Surveys identify a relationship that combines supply and demandb. rveys must be combined with other advertisingc. Survey only give information at one point in timed. Surveys respondents may offer from most customers in their willingness to pay2. If all factors that shift the demand curve were constant and yet prices and quantities changed, what would be identified in regression of price on quantitya) The demand curveB) The supply curveC) Both the demand curve and the supply curveD) Neighter the demand nor the supply curve4) which o the following statement is NOT truedA) The cost of inputs which are impossible to adjust in the short run can be a source of fixed costsb) total fixed costs equal total costs minus total variable costsC) Total fixed costs are the same at all production levelsD ) Total fixed costs depends on the price of the output produced.5) What quality of output maximizes profitsThe quality at which marginal cost equals marginal revenueThe largest quantity possibleThe quantity at which total revenue is maximizedThe quantity at which total fixed costs equals total variable costs
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