“In fact, production theory is much simpler than consumption theory because the output of a production process is generally observable, whereas the “output” of consumption (utility) is not directly observable”. Explain this statement.

Mr. chiu made a dot plot after asking his students a question. based on the dot plot, which statements are correct? check all that apply. eleven students answered mr. chiu's question. twelve students answered mr. chiu's question. three people studied for two hours. three people studied for three hours. everyone who responded studied for at least one hour. four people studied for four or more hours