Resource pricing is important because
A) resource prices are a major determinant of money incomes.
B) resource prices allocate scarce resources among alternative uses.
C) resource prices, along with resource productivity, are important to firms in minimizing their costs.
D) of all of these reasons.

Question

Quizplus · Accepted Answer

Resource pricing plays a crucial role in determining money incomes, allocating scarce resources among alternative uses, and minimizing costs for firms. Therefore, all of the given reasons are valid and important in emphasizing the significance of resource pricing.

Resource Pricing Is Important Because