Question

A survey of hobbies and purchases can help a producer

assess demand to choose a business.
identify the marginal benefit to make a profit.
decide the production costs to make a good.
determine the remaining supply to lower costs.

Answer 1

assess demand to choose a business.

Reason: surveys of hobbies and purchases reveal consumer preferences and demand for products or services, helping a producer decide which business or product to offer. They do not directly determine production costs, marginal benefit, or supply.