Question
Select all that apply
Which of the following statements are true about marginal analysis?
Multiple select question.
Managers use it to accurately plot the demand curve.
It is used to analyze what is known about cost and demand.
Managers avoid it because of its limited ability to predict the demand curve.
It gives precise pricing and demand levels.
It can narrow down potentially successful pricing levels.
Which of the following statements are true about marginal analysis?
Multiple select question.
Managers use it to accurately plot the demand curve.
It is used to analyze what is known about cost and demand.
Managers avoid it because of its limited ability to predict the demand curve.
It gives precise pricing and demand levels.
It can narrow down potentially successful pricing levels.
Answers
GPT-4o mini
The following statements about marginal analysis are true:
1. **It is used to analyze what is known about cost and demand.**
2. **It can narrow down potentially successful pricing levels.**
The other statements do not accurately reflect the nature of marginal analysis.
1. **It is used to analyze what is known about cost and demand.**
2. **It can narrow down potentially successful pricing levels.**
The other statements do not accurately reflect the nature of marginal analysis.