This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The optimal method of production is the one that (Read 53 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Apr 19, 2019

Question 1

To determine the optimal method of production for a good or service, a perfectly competitive firm needs to know all of the following 
except


◦ the market price of output.
◦ the technologies of production that are available to the firm.
◦ the prices of inputs.
◦ the prices charged by its rivals.

Question 2

The optimal method of production is the one that


◦ maximizes output regardless of cost.
◦ maximizes inputs.
◦ minimizes cost.
◦ minimizes the normal rate of return.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xroflmao on Apr 19, 2019

amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


xroflmao

  • Hero Member
  • *****
  • Posts: 515
Reply #2 on: Apr 19, 2019
TY


amcvicar

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Retrograde Tracing Method Retrograde Tracing Method
Neural tissue that has been stained by the Golgi method. Because only a few neurons take up the ... Neural tissue that has been stained by the Golgi method. Because only a few neurons take up the ...
Respirator decision logic based on the EPA method. It is very important to know when to use supplied ... Respirator decision logic based on the EPA method. It is very important to know when to use supplied ...
Scientific process and the scientific method Scientific process and the scientific method
Hubbard’s Predication of Peak in U.S Oil Production with Actual Data Hubbard’s Predication of Peak in U.S Oil Production with Actual Data
Offset Method Plot of Land with Measurements Offset Method Plot of Land with Measurements
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library