When I’MaGoldMiner chooses what quantity of gold each of it/s mines will produce over the next 12 months, this quantity, along with the prices prevailing in the market for output and inputs, will
A. determine the company’s annual revenue, variable costs and its profits.
B. no longer be dictated by the forces of demand and supply.
C. have no effect on the market forces of demand and supply.
D. determine the company’s total revenue, total costs, and its profits.
Answer:D
When I’MaGoldMiner chooses what quantity of gold each of it/s mines will produce over the next 12 months, this quantity, along with the prices prevailing in the market for output and inputs, will
A. determine the company’s annual revenue, variable costs and its profits. B. no longer be dictated by the forces of demand and supply. C. have no effect on the market forces of demand and supply. D. determine the company’s total revenue, total costs, and its profits.
Explanation: Category: Analyze