1.The market system valuesthe concept of self-interest because of its role in productivity. Explain?

2.Specialization of resources provides what advantage to market systems? Explain.

Instructions for Questions 3-5 A company has determined that its profits will be maximized when producing a precise amount of output with the four factors of production. That output level is $30G. Table 1 Unit Factor Method Method Method A H Price Land $10 Labor 20 Capital Entrepreneurship 4U