10
QuizMultiple Choice

Case Study: Starting a Business

Question 10 • 2102320-Economics HONORS - Edgenuity Teacher

A survey of hobbies and purchases can help a producer

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

Explanation

A survey of hobbies and purchases shows what consumers like and what they are willing to buy. A producer can use that information to estimate demand and choose a business that meets consumers’ interests. Surveys do not directly determine production costs or remaining supply.

AI-written and checked against the verified answer.