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  • From Economics: General-Economics
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  • Due on Jul. 14, 2011
  • Asked on Jul 14, 2011 at 4:44:45PM
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flamingheat2
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Q:

Choose the best answer.  The concept, the economizing problem, presents the ability to satisfy the majority of the people given the availability of resources necessary for production.  In satisfying the masses of the people, it must,

  1. Produce what the masses of the people want
  2. It must satisfy the masses of the people by allocation resources so that in the production of goods that meet the expectation of the masses, it operates at its maximum capacity and without idle resources
  3. It must produce at some optimum area which demonstrates that in its use of all available resources, it is producing at full capacity with full output as it attempts to satisfy the masses of the people
  4. Determine its maximum cost to produce and its total revenue it will receive in attempting to satisfy the masses of the people
  5. All of the above are possible
  6. None of the above
 

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  • Posted on Jul 14, 2011 at 4:46:39PM
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Preview: ... g at full capacity with full output as i ...
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  • Posted on Jul 14, 2011 at 4:52:51PM
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Preview: ... , presents the ability to satisfy the majority of the people given the availability of resources necessary for production.  In satisfying the masses of the people, it must, Produc ...
The full tutorial is about 145 words long .