Resource pricing is important because
A)resource prices are a major determinant of money incomes.
B)resource prices allocate scarce resources among alternative uses.
C)resource prices, along with resource productivity, are important to firms in minimizing their costs.
D)of all these reasons.

Question

Quizplus · Accepted Answer

Resource pricing is crucial for several reasons: it determines money incomes, allocates scarce resources among various uses, and, in combination with resource productivity, helps firms minimize their costs.

Resource Pricing Is Important Because