A firm's basic goal is best described as A) maximizing total ...

[luvbio]

A firm's basic goal is best described as
 
  A) maximizing total revenue.
  B) maximizing sales.
  C) maximizing profit.
  D) minimizing total cost.

Question 2

In the production possibilities frontier depicted in the figure above, what is the opportunity cost of increasing the production of bananas from two million pounds to three million pounds?
 
  A) 1/2 hat per pound of bananas
  B) 1 hat per pound of bananas
  C) 2 hats per pound of bananas
  D) 3 hats per pound of bananas

[kescobar@64]

Answer to Question 1

C

Answer to Question 2

B

[luvbio]

YES! Correct, THANKS for helping me on my review

[gcook]

Thanks for the timely response, appreciate it