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 193 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?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Face Development in the Womb Face Development in the Womb
Procedures for Diagnostic Tests Related to the Musculoskeletal system Procedures for Diagnostic Tests Related to the Musculoskeletal system
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Men who are at risk for heart disease and report work-related stressors are at greater risk of death ... Men who are at risk for heart disease and report work-related stressors are at greater risk of death ...
The neural pathway responsible for the production and learning of song in the male canary. The neural pathway responsible for the production and learning of song in the male canary.
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library