Ask Question
30 September, 16:08

In an effort to achieve short-run profit maximization, limited resources should first be allocated to the product with

+1
Answers (1)
  1. 30 September, 17:18
    0
    In an effort to achieve short-run profit maximization, limited resources should first be allocated to the product with: The highest contribution per unit of constraining factor

    Constraining factor is everything that limit the potential sales of the product (in this case it would be the limited resource.)

    By increasing contribution per unit of the constraining factor, we put the production and distribution process of the product into a maximum efficiency, which will lead to short-run profit maximization
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In an effort to achieve short-run profit maximization, limited resources should first be allocated to the product with ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers