« previous next »

Author Question: In order to maximize profits, firms organize their production using A) only a command system. B) ... (Read 104 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?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Female urinary system. Female urinary system.
Parts of human nervous system Parts of human nervous system
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
The respiratory system and the process of gas exchange. The respiratory system and the process of gas exchange.
Muscular system and Cardiovascular system Muscular system and Cardiovascular system
Ontario's electricity system four key components Ontario's electricity system four key components
Video: Endocytosis - pinocytosis, receptor mediated and Transcytosis

For a complete list of videos, visit our video library