Question: A firm acts as a rational decision maker when its leaders decide to do which of the following? Entice investors by promising lower than average

A firm acts as a rational decision maker when its leaders decide to do which of the following?

  • Entice investors by promising lower than average returns on investment
  • Cut hours and workers in order to minimize costs
  • Using all of its resources in order to maximize production, regardless of profit
  • Solely using labor in a production process, rather than a combination of labor and capital

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