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.

Question

Quizplus · Accepted Answer

The entrepreneur's main goal in making a production decision is to maximize profits. Therefore, the best choice is to decide what level of output will achieve this goal. While option A may be a consideration in the long run, it is not directly related to the production decision. Option C is more related to the investment decision, which is a separate decision from the production decision.

In Making a Production Decision,an Entrepreneur