26.3k views
4 votes
Consumers, producers, workers, savers, investors, and citizens respond to incentives in order to allocate their scarce resources and receive the _____ .

lowest marginal costs
lowest expected utility
highest possible benefits

User Kahiem
by
8.2k points

2 Answers

4 votes

Consumers, producers, workers, savers, investors, and citizens respond to incentives in order to allocate their scarce resources and receive the highest possible benefits.

User Geek Tanmoy
by
8.2k points
2 votes
Consumers, producers, workers, savers, investors, and citizens respond to incentives in order to allocate their scarce resources and receive the "highest possible benefits," since this is how to avoid the most "opportunity cost".
User Grigori Melnik
by
8.0k points