What do the two decision processes have in common

Reference no: EM13245586

a. Explain the decision process for a firm trying to determine the optimal quantity of a factor of production to employ.

b. Explain the determination of the optimal level of pollution frrom the perspective of society.

c. What do these two decision processes have in common? How are they representative of microeconomic decision-making in general?

Reference no: EM13245586

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