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Author Question: Technological efficiency is A) a necessary and sufficient condition for profit maximization. B) ... (Read 60 times)

anshika

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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
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Sassygurl126

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


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