Which of the following is not an example of an economic trade-off that a firm has to make?
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, as it is largely determined by external factors such as consumer preferences and competition in the market. The other choices involve trade-offs between different inputs, production methods, or output levels, which are all common considerations for a firm in making economic decisions.

Which of the Following Is Not an Example of an Economic