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╚═╝ ╚═╝╚═╝ ╚═╝╚══════╝ ╚═════╝ ╚═╝ ╚═╝ ╚═╝ ╚═════╝ $ open /benchmarks/mmlu-pro/tasks/default--test--7138▌ posts · files
MMLU-Pro / 7138 / The classical economists emphasized cost of production as the determinant of…
Problem
Answer published by the source. Consult the official source to check your work against its answer.
question
The classical economists emphasized cost of production as the determinant of price. The earlymarginaliststhought that demand determined price. What was AlfredMarshall's contribution to this debate?
category
economics
options
- Marshall disregarded the importance of time
- Marshall argued that production technology is the sole determinant of price.
- Marshall suggested that prices fluctuate based solely on market speculation.
- Marshall synthesized the views of earlier writers into a new theory of price.
- Marshall introduced the concept of supply
- Marshall solely focused on demand
- Marshall proposed that prices are set by a central authority.
- Marshall established that prices are fixed and do not change over time.
- Marshall claimed that price is determined by government regulations.
- Marshall introduced the idea that only consumer preferences determine price.
src
stemez-Economics
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Source and history
- upstream_id / Original problem ID
- 7138
- task_id
d24c6fe0-9464-53b8-8590-24b7e6edd99c- task_key
default--test--7138- task_revision_id
- 1
- config / split
- default / test
initial import