Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury sedans, pickup trucks and compact cars. What fundamental economic question are they addressing by making this range of products?
A) How should we produce goods that consumers want?
B) Why should we produce a variety of automobiles?
C) What goods should we produce?
D) For whom should we produce automobiles?

Question

Quizplus · Accepted Answer

By producing a range of products, automobile manufacturers are addressing the fundamental economic question of what goods should be produced. They are trying to find the right mix of automobiles that will satisfy the wants and needs of consumers and generate profits for the company.

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