Which of the following statements is true?
A) Financial considerations are important in maximizing decisions by businesses but not by households.
B) Maximizing by a business requires producing the largest output possible, and maximizing by a household requires earning the largest income possible.
C) Maximizing by a household involves balancing costs and benefits, and maximizing by a business involves finding the output providing the largest revenue.
D) Maximizing by households and businesses involves balancing the costs and benefits of different strategies to determine the one that adds most to economic well-being.
Correct Answer:
Verified
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