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Economics
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24 Jul 2018

13. Which one of the following statements is true? A) Firms are markets in and of themselves. B) Firms do not organize factors of production to produce goods and services. C) Firms are buyers of consumer goods and services. D) Efficient firms can eliminate scarcity. E) Firms are often more efficient than markets as coordinators of economic activity.

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25 Jul 2018
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Related questions

33) Which one of the following statements is not true? A) A production process is technologically efficient only if it is producing a given output at the lowest possible cost. B) If a process is economically efficient, it must be technologically efficient as well. C) Economic efficiency depends on the relative price of inputs, while technological efficiency does not D) Economically efficient firms will be more likely to survive than economically inefficient firms. E) Technologically efficient firms are more likely to survive than technologically inefficient firms.

37. Which one of the following statements is not true? A) A production process is technologically efficient only if it is producing a given output at the lowest possible cost. B) If a process is economically efficient, it must be technologically efficient as well. C) Economic efficiency depends on the relative price of inputs, while technological efficiency does not. D) Economically efficient firms will be more likely to survive than economically inefficient firms. E) Technologically efficient firms are more likely to survive than technologically inefficient firms.

42) Which one of the following statements is not true? A) A production process is technologically efficient only if it is producing a given output at the lowest possible cost. B) Technologically efficient firms are more likely to survive than technologically inefficient firms. C) Economically efficient firms will be more likely to survive than economically inefficient firms. D) If a process is economically efficient, it must be technologically efficient as well. E) Economic efficiency depends on the relative price of inputs, while technological efficiency does not

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