This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Firms face trade-offs in production, including decisions related to: A) which products to ... (Read 282 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
Firms face trade-offs in production, including decisions related to:
 
  A) which products to produce.
  B) how much of a particular product to produce.
  C) the best way to produce a given amount of output.
  D) all of the above

Question 2

The assumption that preferences are complete:
 
  A) means that a consumer will spend her entire income.
  B) is unnecessary, as long as transitivity is assumed.
  C) recognizes that there may be pairs of market baskets that cannot be compared.
  D) means that the consumer can compare any two market baskets of goods and determine that either one is preferred to the other or that she is indifferent between them.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


sam.t96

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 1, 2018
Thank you :)


johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

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.

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Neurological Flow Sheet, Including Glasgow Coma Scale Neurological Flow Sheet, Including Glasgow Coma Scale
Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ... Prolonged abuse leads to production of stress hormones that can lead to a cascade of effects ...
Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
Sex Hormone Products Sex Hormone Products
Stem Cell Production Stem Cell Production
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library