Author Question: Which of the following constrain (that is, limit) a firm's profits? I. its technology II. its ... (Read 64 times)

Pineappleeh · **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