Economics: Microeconomic Analysis - Reading 16: Organizing P limited, producing, increase, revenue, service

mayanfang1

Q1. A firm can increase its output and revenue if it changes to a new method of producing its good or service, but the profit the firm can earn by doing so is limited by the cost of implementing the new production method. This is best described as a(n):

A)   market constraint.

B)   technology constraint.

C)   information constraint.

Q2. Which of the following constraints to profit maximization most appropriately considers the prices and availability of the resources that a firm uses and the willingness of people to invest in the firm?

A)   Markets.

B)   Information.

C)   Technology.

hui1558

求答案，谢谢楼主啦。。。

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