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A firm acts as a rational decision maker when its leaders decide to do which of the following? Entice investors by promising lower than average
A firm acts as a rational decision maker when its leaders decide to do which of the following?
- Entice investors by promising lower than average returns on investment
- Cut hours and workers in order to minimize costs
- Using all of its resources in order to maximize production, regardless of profit
- Solely using labor in a production process, rather than a combination of labor and capital
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