Author Question: Profit-maximizing industrialists are concerned with both revenues and costs. Transportation and ... (Read 112 times)

codyclark · **on:** Jun 30, 2018

Profit-maximizing industrialists are concerned with both revenues and costs. Transportation and production costs are an important part of total costs. Both are impacted by

(a) location and power sources.
(b) the cost of managing large quantities of productive resources found anywhere along the production chain.
(c) the ability to concentrate or group resources in the same place.
(d) all of the above.

Question 2

The American Revolution and Constitution resulted in

(a) a dramatic change in laws and the ownership of property.
(b) greatly expanded rights for wage workers and indentured servants.
(c) the elimination of a land-owning aristocracy.
(d) very little major change with respect to laws and ownership of property, though there was
a strengthening of property rights.