Analyzing the behavior of the firm enhances our understanding of
A)what decisions lie behind the market supply curve.
B)how consumers allocate their income to purchase scarce resources.
C)how financial institutions set interest rates.
D)whether resources are allocated fairly.

Question

Quizplus · Accepted Answer

Analyzing the behavior of the firm helps us understand the decisions the firm makes in terms of how much of a good or service to produce, how much to charge for it, and how these decisions affect the market supply curve.

Analyzing the Behavior of the Firm Enhances Our Understanding of