The survival technique
A) can be used to estimate short-run total variable cost functions.
B) is based on a technical knowledge of a firm's production function.
C) uses regression analysis in combination with time-series or cross-sectional data.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

The survival technique is not related to estimating cost functions, production functions, or using regression analysis. It is a method used to determine the minimum efficient scale of production by observing the sizes of firms that survive in an industry over time.

The Survival Technique