Any method of producing a good or service is ________. It ________ the maximum profit that a firm can make.
A) an information constraint; always increases
B) a technology; always increases
C) a technology; limits
D) an information constraint; limits

Question

Quizplus · Accepted Answer

A method of producing a good or service is referred to as a technology, and it limits the maximum profit a firm can make because it determines the efficiency and cost-effectiveness of production.

Any Method of Producing a Good or Service Is ________