Question

Analyzing the behavior of the firm enhances our understanding of

a. what decisions lie behind the market supply curve.
b. how financial institutions set interest rates.
c. whether resources are allocated fairly.
d. how consumers allocate their income to purchase scarce resources.

Answer 1

Analyzing the behavior of the firm enhances our understanding of what decisions lie behind the market supply curve.
Answer:D
Where the market supply curve is curve that depicts the positive relationship between price and quantity supplied