In order to maximize profits, firms organize their production ...

[bobypop]

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]

Answer to Question 1

C

Answer to Question 2

B

[bobypop]

Correct answers!

[kjohnson]

Great! Please up vote