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Author Question: In order to maximize profits, firms organize their production using A) only a command system. B) ... (Read 112 times)

bobypop

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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bobypop

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Reply #2 on: Jun 29, 2018
Correct answers!


kjohnson

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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