« previous next »

Author Question: When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc ... (Read 42 times)

ts19998

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc definitely
 
  A) maximizes profits.
  B) minimizes labor costs.
  C) achieves technological efficiency.
  D) achieves economic efficiency.

Question 2

Which of the following statements is TRUE?
 
  A) An increase in the price of gasoline will decrease the demand for gasoline.
  B) An increase in the price of gasoline will increase the quantity demanded of gasoline.
  C) An increase in the price of gasoline will increase the supply of gasoline.
  D) An increase in the price of gasoline will increase the quantity supplied of gasoline.


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ... This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ...
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Converting enzyme activity to its amount Converting enzyme activity to its amount
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library