Frank owns his own printing firm. Since business has been going well, he wants to look at ways to increase his production. After assessing his resources and potential business he finds that the marginal benefit of hiring two new employees and buying new equipment will lead to greater profits and outweigh the extra costs he will spend. Franks actions are an example of a(n)

TECHNOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Frank owns his own printing firm. Since business has been going well, he wants to look at ways to increase his production. After assessing his resources and potential business he finds that the marginal benefit of hiring two new employees and buying new equipment will lead to greater profits and outweigh the extra costs he will spend. Frank’s actions are an example of a(n)

A	rational economic decision
B	tradeoff
C	opportunity cost
D	trade barrier

Explanation:

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY