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19 votes
Question 3(Multiple Choice Worth 5 points)

(01.02 MC)
A manufacturing firm employs workers to monitor and maintain specialized machines making small metal parts. Which economic questions does this statement answer?
O How much to produce? How much to charge?
O How to produce? How much to produce?
Owhat to produce? For whom to produce?
Owhat to produce? How to produce?

what’s the correct answer???
Help fast!!

User Furbeenator
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1 Answer

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7 votes

Final answer:

The manufacturing firm in the question indicates how it addresses two of the three basic economic questions: 'What to produce?' and 'How to produce?' by choosing to produce small metal parts with specialized machinery monitored by workers.

Step-by-step explanation:

The statement about a manufacturing firm employing workers to monitor and maintain specialized machines making small metal parts provides information regarding two of the three basic economic questions: 'What to produce?' and 'How to produce?' In this case, the company has chosen to produce small metal parts and has selected a production process that involves specialized machinery with workers to maintain them. This reflects a choice of production technology and the amount of labor to use, pointing to the economic questions of product choice and production process.

User Kevin Mack
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