Which of the following is not an example of an economic trade-off that a firm has to make?
A) whether it is cheaper to produce with more machines or with more workers
B) whether it is cheaper to outsource the production of a good or service
C) whether or not consumers will buy its products
D) whether it should produce more of its product

Question

Quizplus · Accepted Answer

While the demand for a firm's products is an important consideration for its operations, it is not an economic trade-off in the same sense as the other options listed. Economic trade-offs involve weighing the costs and benefits of different choices in terms of resources, such as labor or equipment, rather than external factors like consumer behavior.

Which of the Following Is Not an Example of an Economic