Question

5. When a firm decides on the right mix of capital and labor to use, which of the three

basic economic questions does it answer? *

O

How to produce goods and services?

O

Where to produce goods and services?

O

When to produce goods and services?

O

What to produce?

Answer 1

Step-by-step explanation:

The three basic economic questions does it answer are -

How to produce goods and services?

Where to produce goods and services?

What to produce?