In making a production decision,an entrepreneur
A)Decides whether to enter or exit the market.
B)Decides what level of output will maximize profits.
C)Determines plants and equipment.
D)Can change both fixed and variable inputs.

Question

Quizplus · Accepted Answer

The entrepreneur's main objective is to maximize profits, and determining the level of output that will achieve this objective is crucial. While entering or exiting the market, determining plants and equipment, and changing inputs may all impact the production decision, the primary consideration should be finding the level of output that will maximize profits.

In Making a Production Decision,an Entrepreneur