In general, the supply functions of primary inputs reflect the:
A)demand for finished goods.
B)profit- maximizing decisions of firms.
C)provisions of union contracts.
D)utility- maximizing decisions of individuals.

Question

Quizplus · Accepted Answer

The supply functions of primary inputs reflect the utility-maximizing decisions of individuals, including workers and resource owners, who decide how much of their labor or resources to supply based on the price they can receive for it.

In General, the Supply Functions of Primary Inputs Reflect The