« previous next »

Author Question: In order to maximize profits, firms organize their production using A) only a command system. B) ... (Read 110 times)

bobypop

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
In order to maximize profits, firms organize their production using
 
  A) only a command system.
  B) only an incentive system.
  C) a combination of command and incentive systems.
  D) neither a command nor an incentive system.

Question 2

Ricky is in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
 
  A) as small as possible; all
  B) equal; all
  C) equal; normal
  D) maximized; all


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bobypop

  • Hero Member
  • *****
  • Posts: 539
Reply #2 on: Jun 29, 2018
Correct answers!


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Relationship of the conduction system to an ECG strip. Relationship of the conduction system to an ECG strip.
Digestive System Digestive System
Schematic of a Ford TFI-IV ignition system. The SPOUT connector is unplugged when ignition timing ... Schematic of a Ford TFI-IV ignition system. The SPOUT connector is unplugged when ignition timing ...
How to evaluate the second order determinant How to evaluate the second order determinant
Earth’s Climate System Earth’s Climate System
Male Reproductive System - Semen Male Reproductive System - Semen
Video: Contraction and Relaxation Animation

For a complete list of videos, visit our video library