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Author Question: Which of the following constrain (that is, limit) a firm's profits? I. its technology II. its ... (Read 58 times)

Pineappleeh

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on: Jun 29, 2018
Which of the following constrain (that is, limit) a firm's profits? I. its technology II. its information III. the market in which it operates
 
  A) I only
  B) I and II
  C) II and III
  D) I, II and III

Question 2

At the current level of output, the marginal social benefit from a slice of pizza is less than the marginal social cost of producing a slice of pizza.
 
  Resources will be used more efficiently if ________ slices of pizza are produced and ________ other goods are produced. A) fewer; fewer
  B) more; fewer
  C) more; more
  D) fewer; more


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amcvicar

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Pineappleeh

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ultraflyy23

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Reply 3 on: Yesterday
Wow, this really help

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