In Making Decisions About Factor Mix, a Firm Is Seeking

question 185

Multiple Choice

In making decisions about factor mix, a firm is seeking to:

• A) maximize output.
• B) maximize profits.
• C) maximize profits within its budget constraint, much like a consumer maximizes utility within a budget constraint.
• D) do all of the above.

---

Definitions:

Mine/Yours

Terms used to denote possession or ownership by the speaker or listener respectively.

Teacher/Friend

A figure who acts both as an educator and as a confidante, building a rapport beyond the conventional teacher-student dynamic.

Child-Centered

An educational approach focusing on the needs, interests, and abilities of the child, promoting individual learning and development.