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Author Question: The optimal method of production is the one that (Read 67 times)

xroflmao

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on: Apr 19, 2019

Question 1

To determine the optimal method of production for a good or service, a perfectly competitive firm needs to know all of the following 
except


◦ the market price of output.
◦ the technologies of production that are available to the firm.
◦ the prices of inputs.
◦ the prices charged by its rivals.

Question 2

The optimal method of production is the one that


◦ maximizes output regardless of cost.
◦ maximizes inputs.
◦ minimizes cost.
◦ minimizes the normal rate of return.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by xroflmao on Apr 19, 2019

amcvicar

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xroflmao

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Reply #2 on: Apr 19, 2019
TY


amcvicar

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Reply #3 on: Apr 19, 2019
You're welcome


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