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Author Question: A firm's basic goal is best described as A) maximizing total revenue. B) maximizing sales. C) ... (Read 135 times)

luvbio

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on: Jun 29, 2018
A firm's basic goal is best described as
 
  A) maximizing total revenue.
  B) maximizing sales.
  C) maximizing profit.
  D) minimizing total cost.

Question 2

In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?
 
  A) 1/2 hat per pound of bananas
  B) 1 hat per pound of bananas
  C) 2 hats per pound of bananas
  D) 3 hats per pound of bananas


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kescobar@64

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

C

Answer to Question 2

B


luvbio

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

olderstudent

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Reply 3 on: Yesterday
Excellent

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