Which of the following is not an example of an economic trade-off that a firm has to face?
A)whether it is cheaper to produce with more machines or with more workers
B)whether it is 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

The choice of whether or not consumers will buy a firm's products is not an economic trade-off that the firm has direct control over. It is dependent on factors such as market demand, pricing, advertising, and competition. The other choices listed involve decisions that a firm can make about its production process and resource allocation.

Which of the Following Is Not an Example of an Economic