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Author Question: In the market processes resources end up being located in their A) highest valued use. B) next ... (Read 125 times)

ahriuashd

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on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
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
Gracias!

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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