Producers Choose ________. Producers Are Efficient on the Market Supply Curve Because ________

question 118

Multiple Choice

Producers choose ________.
Producers are efficient on the market supply curve because ________.

• A)to produce a good or service only if they will receive a producer surplus;every point on the market supply curve maximizes producer surplus
• B)to maximize profit;on the market supply curve scarcity is eliminated
• C)to produce goods and services made with the newest technology;the market supply curve traces out the same path as a firm's marginal cost curve
• D)to maximize profit;we derive the firm's supply curve by finding the profit-maximizing quantity at each price
• E)to produce goods and services made with the newest technology;every point on the market supply curve shows the marginal cost of production using new technology

---

Definitions:

Olmec Heads

Large, carved stone heads from the ancient Olmec civilization of Mesoamerica, signifying significant rulers or deities.

Rulers

Individuals or governing bodies that hold the highest authority and governance over a nation, state, or community.

Deities

Supernatural beings considered divine or sacred, worshipped by humans and thought to have control or influence over various aspects of the world.

Maya Architecture

A style of ancient architecture developed by the Maya civilization in Mesoamerica, characterized by elaborate ceremonial complexes, temples, and palaces built with precise astronomical alignments.