1. What goods and services should be produced to meet consumers' needs? In what quan- tity? When should they be produced? 2. How should goods and services be produced? Who should produce them, and what re- sources, including technology, should be combined to produce them? 3. Who should receive the goods and services produced? How should they be allocated among consumers?

1. What goods and services should be produced to meet consumers' needs? In what quan- tity? When should they be produced? 2. How should goods and services be produced? Who should produce them, and what re- sources, including technology, should be combined to produce them? 3. Who should receive the goods and services produced? How should they be allocated among consumers?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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