Multiple Choice
In a pure capitalist economy the least-cost combination of inputs is used to produce a good because
A) producers are less concerned with conserving natural resources in a market economy than in any other economic system.
B) that combination minimizes profits.
C) that combination maximizes profits.
D) cheaply-made goods will wear out quickly,generating additional sales in the future.
Correct Answer:
Verified
Correct Answer:
Verified
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Q53: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 2-2
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