« previous next »

Author Question: Technological efficiency is A) a necessary and sufficient condition for profit maximization. B) ... (Read 71 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jul 1, 2018
Technological efficiency is
 
  A) a necessary and sufficient condition for profit maximization.
  B) a sufficient but not necessary condition for profit maximization.
  C) a necessary but not sufficient condition for profit maximization.
  D) a theoretical construct with little connection to the real world.

Question 2

Which entity produces the greatest proportion of U.S. gross national product?
 
  A) government
  B) non-profit organizations such as hospitals
  C) firms
  D) universities
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d Cholelithiasis. Common sites of gallstones in the generalized condition. (a) Stones in the hepatic d
An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ... An engine in good mechanical condition should produce 17 to 21 inches Hg of vacuum at idle at sea ...
Modern Medical Technological Revolution Modern Medical Technological Revolution
Competitive firms and maximization Competitive firms and maximization
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library