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Author Question: In the market processes resources end up being located in their A) highest valued use. B) next ... (Read 110 times)

ahriuashd

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In the market processes resources end up being located in their
 A) highest valued use.
  B) next best use.
  C) proper use.
  D) none of these choices.

Question 2

Would the owner of a profit-maximizing fast-food establishment hire another worker for 55 per day if that worker added faster service, increasing sales and revenue by 98 per day? Why or why not?



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verrinzo

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Answer to Question 1

A

Answer to Question 2

Yes, it would make good business sense to employ the additional worker because they would add 43 to revenues beyond their costs. This would increase the profitability of the business.




ahriuashd

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


dyrone

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Reply 3 on: Yesterday
Excellent

 

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