A dairy farmer decides to useautomatic milking machines insteadof milking by hand. Which economicquestion is answered by his decision?Select one:○ a. How to produce?b. For whom to produce?○ c. Should milk be produced?○ d. What to produce?

The other options deal with different economic questions:b. For whom to produce? - This refers to…

Answered: A dairy farmer decides to use automatic…

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter3: Demand, Supply, And The Market Process

Section: Chapter Questions

Problem 10CQ

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A dairy farmer decides to use automatic milking machines instead of milking by hand. Which economic question is answered by his decision? Select one: ○ a. How to produce? b. For whom to produce? ○ c. Should milk be produced? ○ d. What to produce?