« previous next »

Author Question: When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc ... (Read 43 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc definitely
 
  A) maximizes profits.
  B) minimizes labor costs.
  C) achieves technological efficiency.
  D) achieves economic efficiency.

Question 2

Which of the following statements is TRUE?
 
  A) An increase in the price of gasoline will decrease the demand for gasoline.
  B) An increase in the price of gasoline will increase the quantity demanded of gasoline.
  C) An increase in the price of gasoline will increase the supply of gasoline.
  D) An increase in the price of gasoline will increase the quantity supplied of gasoline.


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Inputs and Outputs of the Cerebellum Inputs and Outputs of the Cerebellum
Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ... The bimetallic temperature sensor spring controls the amount of silicone that is allowed into the ...
Preload is related to the amount of blood and stretching of the ventricular myocardial fibers Preload is related to the amount of blood and stretching of the ventricular myocardial fibers
(a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces (a) Chromosome painting with five different-colored markers in a normal cell. (b) Painting produces
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library