Which best describes the role the availability of resources plays when a company is considering whether to produce a certain good?
O Resources can always be obtained, no matter what the cost.
O If a resource is difficult to obtain, production costs will be high.
O Resources play no part in a company's decision to produce a good.
O If a resource is easy to obtain, production costs will be high.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false