Optimal Decisions Take into Account

question 217

Multiple Choice

Optimal decisions take into account

• A)the resources available.
• B)the alternatives that were not available to choose.
• C)the gratification produced by an outcome.
• D)the effect on the distribution of income.
• E)the outcomes that are not feasible.

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Definitions:

New Capital

Funds or equity obtained by a company for the purpose of furthering its business objectives, or the addition of assets.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Economic Growth

Refers to an increase in a country's output of goods and services over time, typically measured by GDP.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources and technology.